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Meme Coins Surge in Value
March meme madness continues as Floki Inu (FLOKI), Dogwifhat (WIF), and PepeCoin (PEPE) have all experienced significant gains in the past 24 hours. Combined, these three meme coins have generated $2.8 billion in trading volume during this period, according to data from CoinGecko.
Floki Inu (FLOKI)
Floki Inu, a Shiba Inu dog-themed Ethereum token, has notably risen from the 75th to the 69th largest digital asset by market capitalization. Its price currently stands at $0.0001837, marking a 38% increase in value over the past day. The market capitalization of Floki Inu has reached $1.8 billion, a significant achievement for the coin with its dog- and Norse mythology-themed branding.
Recently, the cryptocurrency was listed on Coinhako, a crypto exchange based in Singapore. While the impact of this listing on trading volume remains uncertain, sources from the Floki Inu team have referred to Coinhako as the largest exchange in Singapore, licensed by the Monetary Authority of Singapore.
On Twitter, the official Floki Inu account announced the listing on Coinhako, allowing Singaporean users to trade FLOKI with SGD and USD on a regulated platform.
Dogwifhat (WIF)
In the same period, Dogwifhat (WIF), a meme coin on the Solana network, has seen a price increase of 22%, reaching $2.14. With a market capitalization of over $2 billion, WIF recently gained a listing on Australian exchange CoinSpot. This move has further boosted its market performance, surpassing $2.1 billion in value.
Additionally, WIF has been competing with another Solana meme coin, BONK, and has managed to maintain a higher market capitalization than its counterpart. The rivalry between the two tokens has resulted in a fluctuating market dynamic.
PepeCoin (PEPE)
PepeCoin, an Ethereum meme coin inspired by the Pepe the Frog meme, has demonstrated remarkable growth with a 17% price increase in the past day. Currently trading at $0.0000007844, PEPE has surged by 144% in the last week alone.
Since its launch in May of the previous year, PEPE has consistently performed well in the meme coin market. Notably, its current price is 20% higher than its previous all-time high, set in May 2023.
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