Memecoin traders have engaged in a frenzied battle involving frog, dog, and cat-themed tokens, propelling them to astonishing triple and quadruple-digit gains over the past month as crypto prices edge toward their all-time highs.
In the past 24 hours, dog-themed coins have dominated trading, generating a staggering $24.2 billion in volume, spearheaded by popular tokens like Dogecoin (DOGE) and Shiba Inu (SHIB). Meanwhile, cat-themed coins, including Solana-based Popcat (POPCAT), have contributed $63.4 million in volume.
Among dog-themed tokens, Solana-based memecoin dogwifhat (WIF) has emerged as the standout performer, posting remarkable gains of 620% in the last month, surging from $0.22 to $1.55. Similarly, Popcat (POPCAT), the leading cat-themed coin, has skyrocketed by over 1,400% in the past 30 days, climbing from $0.006 to $0.10.
Dogecoin witnessed a sudden surge, gaining 117% in the last seven days, while Shiba Inu posted impressive gains of over 323% during the same period.
Frog-themed tokens, though few in number, have shown strength in the market. Notably, memecoin Pepe (PEPE) has led the pack, defying previous skepticism after experiencing a rapid increase in price and trading volume since February 25. Pepe has soared by 781% in the last 30 days, surpassing its previous all-time high and generating over $4.2 billion in trading volume in the last 24 hours alone.
Amidst this animal-themed frenzy, traders are witnessing unprecedented volatility and speculative fervor, driving substantial gains across various memecoin categories.
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