$3,300,000,000: Pepe Meme Coin Market Cap Adds 26% in 24 Hours

Despite the apathetic performance of cryptocurrency market, meme coins on Solana (SOL) and Ethereum (ETH) are printing impressive gains. Pepe (PEPE) capitalization is back above $3.3 billion, while its trading volume exceeded $1.45 billion in equivalent.

PEPE meme coin price surges by 26%; WIF, BONK post double-digit gains

Pepe (PEPE), the third-largest meme cryptocurrency, demonstrates the largest gains today out of all top 100 cryptos by market cap. In just 24 hours, the PEPE price added over 26%, while net trading volume in spot and futures pairs exceeded $1.4 billion.

Other meme cryptocurrencies also posted significant increases in the past day. Bonk (BONK) added over 22%, while Shiba Inu (SHIB) and Dogwifhat (WIF) added 10.4% and 16%, respectively.

The aggregated market capitalization of the meme cryptocurrency segment targets $50 billion after a 4.9% increase in 24 hours.

As covered by U.Today previously, major meme coins Dogwifhat (WIF) and Pepe (PEPE) accomplished Coinbase listings in April 2024.

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Coinbase Embraces Solana Meme Coin Dogwifhat

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The largest meme cryptocurrency, Dogecoin (DOGE), added 10% overnight. 

Aggregated crypto capitalization only increased by 3.3% and is attempting to stay above the $2.32 trillion level.

PEPE jumps into top 10 by trading volume, surpasses XRP

The upsurge of PEPE price resulted in $5.6 million of its futures positions liquidated. A total of 71% of the positions erased were shorts.

Also, Shiba Inu (SHIB), spin-off on Ethereum (ETH) and Arbitrum (ARB), reached its local trading volume high. PEPE replaced XRP as the ninth most traded cryptocurrency, with an aggregated volume over $1.45 billion.

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While yesterday all meme cryptocurrencies were in red, today they seem to be leading the market recovery with excellent 10-30% gains.