Memecoin madness is back, and it’s like deja vu. All over again, like deja vu. 🐶
According to the fine folks at Santiment, the spotlight’s on $PEPE, $FLOKI, $BONK, and a few others, all of which have decided to moon together. Price surges of over 500% and trading volumes that skyrocketed nearly 3,000%? Just another crypto memecoin insane bull run
📈 #Memecoins, particularly those that have been trending over the past week, have skyrocketed in trading volume due to surging prices and increased crowd interest. On average, $SHIB, $PEPE, $FLOKI, and $BONK has seen volume rise +3,000% in the past week. https://t.co/MMHxbMotu0 pic.twitter.com/AiIaEbgGIz
— Santiment (@santimentfeed) March 4, 2024
But let’s not forget our OG memecoins – $DOGE and $SHIB. They’re not exactly sitting this dance out, posting gains of 120% and 288% since February 24 respectively over the past week.
Reminiscent of 2021’s bull run frenzy, championed by Dogecoin with a cheer from Elon Musk, it seems memecoins are the life of the crypto party once again. Please don’t take my word for it; look at the charts. You’ll have to click on it to make the image bigger and zoom in with your fingers if you’re on a phone. Here’s how they’ve looked since February 24.
As I’m writing this, of course, $COIN decided to show off how they don’t know how to scale crypto tanking and Coinbase tanking because Coinbase is down. Again. 🙄