{"id":72791,"date":"2024-03-04T07:25:56","date_gmt":"2024-03-04T11:25:56","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=72791"},"modified":"2024-03-04T07:26:00","modified_gmt":"2024-03-04T11:26:00","slug":"pepe-floki-others-record-3000-surge-in-weekly-volume","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/pepe-floki-others-record-3000-surge-in-weekly-volume\/","title":{"rendered":"Pepe, Floki, Others Record 3,000% Surge in Weekly Volume"},"content":{"rendered":"\n

Trending memecoins, including Pepe, Floki, Bonk, and others, have experienced a tremendous rally over the past week due to the memecoin fervor. The price and trading volume of memecoins<\/a> has increased by more than 500% and nearly 3,000%, respectively.<\/p>\n\n\n\n

\"Pepe,
Pepe, Floki, Others Record 3,000% Surge in Weekly Volume<\/figcaption><\/figure>\n\n\n\n

Santiment-disclosed data indicates that the average volume of Pepe, Floki (FLOKI), Shiba Inu, and Bonk (BONK) has increased by more than 3,000% over the past week, as prices and public interest have fluctuated substantially, with several memecoins reaching new all-time highs.<\/p>\n\n\n\n

In addition to increased trading volume and price, memecoins have experienced an enormous surge in social activity.<\/p>\n\n\n\n

\"\"
Memecoins trading volume. Source: Santiment<\/figcaption><\/figure>\n\n\n\n

Proposed Ethereum-based In the previous week, the price of Pepe increased by more than 373 percent. It is trading at 0.00000682 with a volume in the billions at the time of writing. <\/p>\n\n\n\n

At present, the trading volume of Pepe places the token in eighth place despite its market capitalization ranking of 44th. Pepe's market capitalization \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>has doubled from $1.5 billion to $3 billion in just two days.<\/p>\n\n\n\n

In the past week, the price of Bonk, which is Solana-based, has increased by 190% and is currently trading near its ATH of 0.0000345. Positioned sixteenth in trading volume, Floki has experienced a 350% increase on the weekly price charts. <\/p>\n\n\n\n

Triple-digit growth memecoins over the past week is comparatively new compared to Dogecoin and SHIB, which are more established memecoins.<\/p>\n\n\n\n

Those leading memecoins from the previous cycle also exhibited bullish development, with DOGE and SHIB increasing by 175% and 90% weekly, respectively.<\/p>\n\n\n\n

The memecoin frenzy is comparable to the previous bull run in 2021, which Dogecoin spearheaded with Elon Musk's support.<\/p>\n\n\n\n

Memecoin price volatility and cycles have enabled some investors to realize a substantial return on their investments in a brief period. Many others, however, frequently lose a fortune. Certain crypto industry veterans<\/a> hold the view that memecoins have a negative impact on the entire cryptocurrency market.<\/p>\n\n\n\n

\"\"
vydamo opinion on memecoins. Source:\u00a0<\/em><\/use><\/svg><\/span><\/a>vydamo.eth\u00a0X<\/figcaption><\/figure>\n\n\n\n

Most memecoins that experience meteoric growth during bull runs are among the tokens with the steepest subsequent declines, with some losing more than 80% of their peak value.<\/p>\n","protected":false},"excerpt":{"rendered":"

Trending memecoins, including Pepe, Floki, Bonk, and others, have experienced a tremendous rally over the past week due to the memecoin fervor. The price and trading volume of memecoins has increased by more than 500% and nearly 3,000%, respectively. Santiment-disclosed data indicates that the average volume of Pepe, Floki (FLOKI), Shiba Inu, and Bonk (BONK) […]<\/p>\n","protected":false},"author":12,"featured_media":72816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[6911,17569,4873,650,2275],"class_list":["post-72791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-shib-3","tag-bonk","tag-floki","tag-memecoin","tag-pepe"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/image-4.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=72791"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/72816"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=72791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=72791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=72791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}