Markets
The market capitalization of meme coins reaches $58 billion
The market capitalization of meme coins increased by 8% and reached $58 billion.
Second CoinGecko, meme coins are popular among investors and traders. The meme coin segment has outpaced the overall cryptocurrency market in growth over the past 24 hours. The total market capitalization of the cryptocurrency sector increased by 5.5%, while Bitcoin (Bitcoin) recorded an increase of 6%.
The five largest meme coins in terms of capital account for 77% of the total value of this asset class. At the same time, only three dozen coins by market capitalization cross the $100 million mark.
Source: CoinGecko
The undisputed leader in this indicator is Dogecoin (DOGE), which has a market capitalization of $22.4 billion. Over the past 24 hours, the asset’s trading volume stood at $1.5 billion.
Shiba Inu (SHIB) is second by market capitalization with an indicator of 14.9 billion dollars. The trading volume of this meme coin in 24 hours exceeded $938 million.
Pepper (PEPPER) was in third place with a market capitalization of $4.4 billion at the time of this writing. The trading turnover of this asset amounted to $1.5 billion in the last day. On May 15, the PEPE token reached its all-time high at $0.00001161.
Recently, an unknown trader earned more than $46 million after the coin surpassed its previous all-time high. The trader spent $3,000 to acquire 4.9 trillion PEPE; soon after, the trader sold 1.41 trillion tokens for $7.4 million.
Earned more than $46 million on $PEPPER with just $3,000, a profit of 15,718x!😱
This super big winner sold 255 billion $PEPPER($ 2.3 million) for profits again after the price of $PEPPER increased.
He spent just $3,000 to buy 4.9 trillion $PEPPER($56 million currently) on April 15, 2023 and sold 1.41 trillion $PEPPER for 7.4 million dollars, with 3.5 trillion… pic.twitter.com/VKGxmK9gCt
—Lookonchain (@lookonchain) May 15, 2024
The little dog (WIFE) meme coin, with a market capitalization of $2.9 billion, is in fourth place. The FLOKI asset, at $2.06 billion, rounds out the top five in this indicator.
The BONK token, whose popularity is cited as one of the main reasons for the emergence of thousands of different tokens meme coins on the Solana network, ranked sixth in the CoinGecko dashboard.