Meme Coin Trading Volume Skyrockets: What’s Driving the Frenzy?

• Meme coins rallied massively in the past 24 hours, led by PEPE’s 26% rally.
• FLOKI and WIF rose 20.43% and 20.93%, respectively.
• Altcoin Sherpa predicted a meme coin super cycle coming soon.

Meme coins in the crypto market rallied significantly in the past 24 hours, led by Pepe (PEPE), Dogwifhat (WIF), and Floki Inu (FLOKI). The total market capitalization of these tokens also increased significantly amid a broader digital asset market surge, with Bitcoin (BTC) trading above the $63,000 price level.

As per data from CoinMarketCap, meme coin trading volume jumped more than 72% and currently stands at $6.49 billion. The top three meme tokens by valuation, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), rose 3.59%, 4.86%, and 26%, respectively. DOGE is trading at $0.1223, SHIB is trading at $0.00001895, and PEPE’s price stands at $0.00001175.

Additionally, in the past seven days, DOGE, SHIB, and PEPE rose 12.92%, 14.70%, and 25.52%. Other meme tokens including Dogwifhat (WIF), Bonk (BONK), FLOKI (FLOKI), and Brett (BRETT) also displayed strong gains. 

WIF rose 20.93% and is trading at $2.15; BONK surged 8.40% and is priced at $0.00002642; …

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