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Meme coins increase to the best as crypto current market continues to be stagnant

Hey crypto supporters! The meme coin market place is buzzing with excitement as Solana-dependent cash see a surge in costs!

Despite the total crypto market place keeping fairly constant, meme coins are on the increase as soon as yet again.

Recent knowledge from CoinGecko reveals that Pepe (PEPE), Floki (FLOKI), Dogecoin (DOGE), and Shiba Inu (SHIB) have taken the lead in price tag growth above the past 24 hrs, with raises ranging from 6% to 10%.

Supply: CoinGecko

In addition, Bonk (BONK) and Dogwifhat (WIF) have witnessed spectacular progress, with a 4.5% and 3.7% maximize, respectively, in the earlier working day.

The meme coin sector’s overall capitalization is on the increase as well. In the past 24 hrs, the sector cap has developed by 6.5%, hitting $54.4 billion, with buying and selling volumes nearing $5 billion.

Meme coins stay a hot subject this quarter, subsequent the outstanding price tag surges of well known tokens like WIF in the past quarter.

Rumors recommend that the modern uptick in the meme coin current market was fueled by a trader who scored big on the meme token KITTY after reactivating financial analyst Keith Gill’s X account. Gill famously influenced the two retail traders and Wall Street with his GameStop inventory cost predictions in 2020.

According to Lookonchain analysts, a user invested $3,000 in Solana (SOL) to purchase 17.4 million KITTY just in advance of Gill’s announcement. Afterward, the KITTY token’s price tag skyrocketed by over 8,000%. The trader then cashed out 12.8 million KITTY for $41,000, leaving 4.6 million KITTY valued at $56,000 on their books.


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