- Dogwifhat (WIF) rises 30% in 24 hours, setting a new all-time high of $3.2 with a $3.0 billion market cap.
- Solana Network’s BONK is up 13% in 24 hours, reaching all-time highs and a market cap of $2.2 billion.
Small-cap meme cryptocurrencies are breaking the market with numbers that will make you look twice. PEPE, WIF and BONK are not only on everyone’s lips, they are setting new records that might even make Bitcoin blush.
According to a previous ETHNews report, these little giants are redefining what it means to be a cryptocurrency in the digital age.
PEPE Coin, for example, is not messing around
With an 820%jump in value in just two weeks, this coin now trades at $0.00001003, raising its market cap to $4.22 billion. The craziest part? Its daily trading volume has exploded 100%, reaching $2.3 billion .
the reason behind this craze? Some whispers point to a certain tech mogul and his possible nod towards PEPE. As ETHNews noted earlier, the power of influential personalities in this game is real.
The silent rise of the solanas memes
But PEPE isn’t the only one making waves. Dogwifhat (WIF), up 30% in the last 24 hours, now shines with a new high of $3.4 and a capitalization that matches its value.
Its trading volume also doubled, reaching $700 million. In just two weeks, WIF has climbed an impressive 700%.
And let’s not forget about BONK. This Solana-native competitor is also enjoying a taste of success with a 13% gain and a $2.2 billionmarket cap. According to a previous ETHNews report , its recent listing on reputable exchanges has boosted its gains to 170% in the past two weeks.
So what does all this tell us?
We are witnessing a sea change in the way investors and the market in general perceive the value and potential of these seemingly worthless cryptocurrencies.
🤣 #Memecoins had another big day as #Bitcoin's #AllTimeHigh notched above $73.6K. With each $BTC rise in March, it appears profits are quickly being redistributed to speculative assets with low liquidity. Track #memecoin metrics on this useful watchlist: https://t.co/XgaeFiQ8XG pic.twitter.com/9bl4L2TVbm
— Santiment (@santimentfeed) March 13, 2024
The transition of capital from the majors into these riskier options highlights a growing appetite for risk and speculation.
