The meme coin market is back in the spotlight, showcasing volatile shifts. Last week, Pudgy Penguins rose by 8.33%, while Snek faced a 24.77% drop.
BTFD Coin's Dynamic Move
BTFD Coin continues to attract investor attention, having raised $6.21 million in its presale. The surge was driven by its referral rewards program, enabling participants to bolster their investments by bringing in new buyers.
Pudgy Penguins' Successes
Pudgy Penguins, previously a prominent NFT project, achieved an 8.33% rise recently. By expanding its influence beyond NFTs into the crypto market, the project is drawing interest from both NFT collectors and token investors.
Challenges Facing Snek
This week has been challenging for Snek, with its token price dropping by 24.77% and trading volume decreasing by 29.13%. Nevertheless, loyal fans on Cardano continue to support the project, hoping for an improved outlook ahead.
The meme coin market continues to display high levels of change and market activity. Each token's situation is influenced by various factors, including referral programs, market demand, and supportive communities.
