In a market where most cryptocurrencies are experiencing losses, some meme coins are seeing significant gains. ai16z (AI16Z), a popular meme cryptocurrency, has reached a $2 billion market capitalization and is now among the top 70 altcoins. The token has seen a 43% rally, pushing its market cap over $2 billion. Additionally, the trading volume for ai16z has increased, and it has gained over 150% in the past week. Pepe (PEPE) is another meme coin that has seen double-digit gains, with an 18% increase. Other meme coins such as Floki Inu (FLOKI), Dogecoin (DOGE), and Shiba (SHIB) have also seen modest gains. Despite concerns about potential trademark violations, the team behind ai16z DAO claims to be in contact with the officers of the investment firm Andreessen Horowitz and is not worried about legal issues.



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