Brett Dogwifhat Bonk and Pepe meme coins experience surge in value
Meme coins are once again on the rise, outperforming other cryptocurrencies like Bitcoin and Ethereum, which are experiencing losses. Meme coins on Ethereum and Solana have risen by over 7% in the last 24 hours, with an 18% increase in trading volume as traders flock to this space.
This surge has created opportunities not only for large-cap meme coins like $BRETT, $WIF, $BONK, and $PEPE, but also for emerging meme coins with small market caps and dedicated communities.
Among the top meme coins, $PEPE saw a 15% increase, $WIF jumped by 16%, and $BONK moved up by 12%. The base meme coin, $BRETT, experienced an impressive 25% surge in the last 24 hours alone. Other meme coins, including $BOME, $MOG, $POPCAT, and $TRUMP, also saw significant gains of more than 10% in the past day.
These increases in value were accompanied by a surge in trading volume, indicating a significant influx of traders into the meme coin space. For example, trading volume for $PEPE has risen to $950 million from just $350 million at the beginning of June. Similarly, $BRETT has seen $70 million worth of tokens moved, compared to $20 million just 3 days ago.
The excitement around meme coins is evident on Crypto Twitter, where traders and analysts are sharing news about their favorite tokens and mocking Bitcoin, Ethereum, and other utility altcoins for underperforming meme coins since the beginning of the year.
The surge in meme coin value does not have a clear catalyst, as there have been no major economic releases, announcements in the crypto community, or surges in Bitcoin in the past 24 hours. However, traders may have seen an opportunity to buy meme tokens at lower prices after they had broadly declined over the past week. Analysts had predicted that this decline was a temporary consolidation rather than a sustained downturn, and this prediction appears to have been accurate.
One of the new tokens taking advantage of the positive momentum in the meme coin market is Pepe Unchained, which launched its presale earlier this week. The presale has raised $700,000 in sales of its $PEPU token, which many traders believe could be the next meme coin to experience explosive growth.
Pepe Unchained offers the Pepe meme its own blockchain network, in contrast to $PEPE, which is built on Ethereum. The new Pepe Unchained network provides ultra-low transaction fees and instant bridging to Ethereum, making it an attractive alternative for traders who want to avoid Ethereum’s high fees.
In addition, the Pepe Unchained network is faster than Ethereum, offering transaction validation roughly 100 times faster while still benefiting from Ethereum’s robust proof-of-stake security model.
The $PEPU presale offers traders the opportunity to purchase tokens at a price of $0.0080641, and they can buy $PEPU using $ETH, $USDT, or $BNB. Those who participate in the presale can also stake their $PEPU for a generous passive return of 2,990% APY. This ensures that traders who buy Pepe Unchained during the presale will have a significant return when the token launches for trading.