Meme coin mania: PEPE tops gainers list with 70% spike
@sanor016
The meme coin market has retained its uptrend, with Pepe (PEPE) leading the latest charge, having registered a massive 70% spike over the past 24 hours to become the biggest gainer among the top 100 crypto assets.
Meme coins recorded substantial surges over the weekend, as the altcoin season kicked off in full steam.
Pepe, Shiba Inu (SHIB), Bonk (BONK), dogwifhat (WIF) and Floki (FLOKI) dominated the top gainers’ list, each securing a spot in the top five.
Nonetheless, this uptrend cooled when most of the assets faced roadblocks, leading to mild corrections observed with some of them. For instance, Shiba Inu recorded a meager 0.31% drop yesterday, while Bonk suffered a 1.87% decline on March 2.
Despite the roadblock, PEPE has displayed remarkable resilience since it recouped the losses from the 13.84% intraday decline on Feb. 29.
The meme coin has now registered three consecutive days of massive gains, with a push toward securing a fourth green day.
PEPE has now surged 70% over the past 24 hours amid the resurgence of the meme coin mania this week, placing itself firmly atop the list of biggest gainers.
The asset also secures the top spot among the largest gainers in the past week, with a 411% seven-day gain.
Pepe has leveraged the recent upsurge to conquer multiple resistance points from $0.000003 to $0.000006, with the latest psychological resistance threshold to fall being $0.000007.
The meme coin changes hands at $0.00000718, looking to leverage the prevalent volatility for a push above $0.00000760.
Meme coin market cap crosses 51 billion
While PEPE stands as the biggest beneficiary of the latest market uptrend, other meme coins have also leveraged the broader rally.
Market analytics platform Santiment confirmed today that these meme coins have recorded massive surges in their trading volumes.
