Markets
Market value of meme coins reaches $58 billion
The market capitalization of meme coins increased by 8% and reached $58 billion.
According to CoinGecko, meme coins are popular among investors and traders. The meme coin segment has outpaced the overall crypto asset market in growth over the past 24 hours. The total market capitalization of the crypto industry increased by 5.5%, while Bitcoin (Bitcoin) showed an increase of 6%.
The five largest meme coins by capital represent 77% of the total value of this asset class. At the same time, only three dozen coins by market capitalization exceed the $100 million mark.
Source: CoinGecko
The undisputed leader in this indicator is Dogecoin (DOGE), which has a market value of US$22.4 billion. In the last 24 hours, the asset’s trading volume was US$1.5 billion.
Shiba Inu (SHIB) is second in market value, with an indicator of US$ 14.9 billion. The trading volume of this meme coin in 24 hours exceeded $938 million.
Pepe (PEPE) came in third place, with a market value of US$4.4 billion to date. The trading volume of this asset totaled US$1.5 billion in the last day. On May 15, the PEPE token reached its all-time high of $0.00001161.
Recently, an unknown merchant merited more than $46 million after the coin surpassed its previous record. The trader spent US$3,000 to acquire 4.9 trillion PEPE; Soon after, the trader sold 1.41 trillion tokens for $7.4 million.
Earned more than US$46 million in $PEPE with just $3K, a 15,718x gain!😱
This big winner sold 255 billion $PEPE($2.3 million) to profits again after the price of $PEPE increased.
He spent just US$3,000 to buy 4.9T $PEPE($56M currently) on April 15, 2023 and sold 1.41T $PEPE for US$7.4 million, with 3.5T… pic.twitter.com/VKGxmK9gCt
– Lookonchain (@lookonchain) May 15, 2024
The dog hat (WIF) the meme coin, with a market capitalization of $2.9 billion, is in fourth place. FLOKI assets, with US$2.06 billion, complete the top five in this indicator.
The BONK token, whose rise in popularity is cited as one of the main reasons for the emergence of thousands of different meme coins at the Solana network, ranks sixth on the CoinGecko panel.