CandleFocus Meme Coin Market Cap Touches All-Time High with a Revival in the Retail Interest
2024-11-17
Author: Content Editor
The cumulative market capitalization of meme coins has reached an all-time high, signaling renewed interest from retail investors. Memecoins, known for their viral appeal and community-driven nature, have gained popularity due to celebrity endorsements and social media hype. This surge in retail enthusiasm has resulted in increased value and trading volumes for meme tokens like Dogecoin, Shiba Inu, and Pepe. Pepe currently leads the meme coin market with a market cap of $8.61 billion, followed by Dogecoin at $52.58 billion and Bonk at $2.78 billion. Other notable performers include FLOKI and dogwifhat. Additionally, two other coins, $Pnut and $FRED, have seen substantial profit and are favored by whales in the market.
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