PeiPei, Bonk, and PEPU: Three Meme Coins That Are Becoming Very Popular

In this crypto season, meme coins are benefiting the crypto community more than Bitcoin and Altcoins. This cycle has seen the rise of many meme tokens.

During this crypto season, meme coins have been observed to be performing exceptionally well, surpassing even Bitcoin and altcoins in terms of popularity and gains. Let's examine three meme coins that have become particularly hot among traders.

1. PeiPei (PEPE)

We've mentioned this token before. It was created a month ago and has quickly gained fame within the meme community. This red frog token, inspired by Pepe the Frog, has seen staggering growth of over 28,000% within a month. Its market cap has reached $139.01M, and it's currently trading at $0.063279.

Analytical tools indicate that its major zone is around $0.062502, while the RSI suggests it is oversold. This indicates that PeiPei may experience a healthy price correction. The project's official Twitter handle has 17k followers. Notably, PeiPei is ranked third among the top trending coins, behind Bitcoin and Render.

Its trading volume has also seen a significant increase, with a 49.77% rise over the past seven days. While the charts of the other two coins are displaying losses, PeiPei's chart remains green.

2. Pepe Unchained (PEPU)

This coin is currently undergoing a pre-sale phase and has managed to raise $3 million thus far. Despite the website stating that this coin is only for laughs, the pre-sale performance suggests the community is taking it seriously.

The speed at which this coin is being sold during the pre-sale indicates that it has attracted both retail investors and crypto whales. The pre-sale price is $0.0083591, and 273M PEPU tokens have been staked.

According to the official website, the current staking reward is 608.82 PEPU per ETH block.

PEPU's popularity can also be attributed to its whitepaper, which describes PEPU as a layer 2 solution built on the ETH ecosystem to offer faster speeds and lower fees.

3. Bonk (BONK)

This dog-themed Solana-based meme coin has managed to outshine even Dogecoin. Since its launch in December 2022, Bonk token has provided its investors with a return of 586,888.94% at its peak in March 2024. Many meme coins claim to go 500x, but Bonk has actually achieved this feat.

It is currently trading at $0.00002420 with a market cap of $1.67B. On social media, its official Twitter handle has a community of 325.5k followers. The charts indicate that this dog token is due for some correction. Considering its rise over the past six months, who knows, it might go 500x from here as well.

Conclusion

At present, the total market cap of meme coins is $42B. In 2021, even when there were fewer meme coins, the market cap was almost $90B.

Back then, meme coins had more staying power, but now some meme coin developers make a little money and then abandon the community. Therefore, it's crucial to conduct thorough research on any meme coin before investing. And remember to only invest as much as you can afford to lose.

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