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Meme Coins Capitalization Exceeds $70 Billion

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by Giorgi Kostiuk

13 hours ago

Bitcoin's recent rise has spurred new interest in meme coins, leading to a resurgence in their market presence.

Meme Coin Capitalization Crosses $70B

The meme coin market capitalization has surged past $70 billion. Notable weekly performers include Shiba Inu (SHIB) up by 11%, Pepe (PEPE) rising 22.1%, and Bonk (BONK) jumping by 26.7%. Even established tokens like Dogecoin (DOGE) saw a solid gain of 13.9%.

Top Weekly Performer: Pudgy Penguins and MemeCore

Leading the pack is Pudgy Penguins (PENGU) with a staggering 105% increase over the week. The standout, however, is MemeCore (M), boasting an astonishing 598% rise since July 3, driven by excitement around its new Layer-1 blockchain for meme projects.

Trading Automation in Meme Season

Automation is becoming essential in catching meme coin opportunities swiftly. Tools for wallet mirroring and instant swap execution are giving traders a significant edge in a highly volatile market.

The recent rise in meme coin interest reflects ongoing volatility and potential within the cryptocurrency space, with investors staying alert for new developments.

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