Memecoin Sector Witnesses an All-Time High Market Capitalization as the Retail Interest Resurges
- DDDOriginal
- 2024-11-17 12:28:25609browse
IntoTheBock revealed that the return of the retail interest has raised the market capitalization of the meme coin sector to an ATH.
The crypto meme coin market has reached a new all-time high.
According to IntoTheBlock, a market intelligence firm, the market capitalization of the memecoin sector has hit a new high this week.
The analytics platform shared this development on its social media account.
The memecoin market cap reached a new all-time high this week as retail interest slowly returns to the market. pic.twitter.com/ltOuhQOzi7
IntoTheBlock revealed that the return of retail interest has propelled the market capitalization of the meme coin sector to an all-time high. Memecoins are crypto tokens that gain mass attention for their broader appeal and community-driven nature. They can rally based on celebrity endorsements and hype on social media.
This renewed interest in meme coins comes at a time when Ethereum ($ETH) and Bitcoin ($BTC) are driving the gains.
The revival of retail enthusiasm is evident in the افزایش in the value of meme tokens and their trading volumes.
Prominent tokens like Dogecoin, Shiba Inu, and Pepe have been the major contributors to this resurgence, indicating their rising popularity among retail traders.
According to the latest data, the top meme coin gainers include Pepe ($PEPE), Dogecoin ($DOGE), Bonk ($BONK), FLOKI ($FLOKI) and dogwifhat ($WIF).
$PEPE Dominates the Market as $DOGE, $BONK, and $FLOKI Follow
Leading the memecoin market, Pepe ($PEPE) has a market capitalization of $8.61B, showing an 89.33% increase in the past week.
Following closely, Dogecoin ($DOGE) ranks 2nd with a market capitalization of $52.58B, indicating an 80.97% weekly spike.
The top 3rd player is Bonk ($BONK) as its market capitalization reached $2.78B, showing a 66.63% increase over the last 7 days.
Other than the top 3, FLOKI ($FLOKI) ranks 4th with $2.11B in its market capitalization, showcasing a 56.73% per-week surge.
Moreover, dogwifhat ($WIF) saw a weekly 53.2% uptake in its market capitalization that reached $3.56B.
Apart from these top memecoins, $Pnut and $FRED also had the highest weekly profit with a gigantic profit.
The two coins were also the top choice of whales this week with huge on-chain activity.
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