Is the Meme Coin Craze Again? Binance Buying and selling Information Suggests Sure

• PEPE leads with $976.96M, up 6.77%.
• Dogecoin follows with $727.36M.
• NOT and WIF achieve, displaying investor curiosity in meme cash.

Meme cash proceed to seize merchants’ consideration on the world’s largest cryptocurrency change, Binance. As of July ninth, 2024, virtually half of the highest ten cryptocurrencies with the very best 24-hour buying and selling quantity on Binance had been meme cash.

PEPE (PEPE): The frog-themed token held a 24-hour buying and selling quantity of $976.96 million, with a major value improve of 6.77%.

Carefully trailing behind is Dogecoin (DOGE), the unique meme coin, securing the second spot. DOGE’s 24-hour buying and selling quantity reached $727.36 million, and regardless of a modest 2.89% value improve, DOGE maintains a major market capitalization of $24.88 billion.

NOT (NOT had a 24-hour buying and selling quantity of $651 million, Notcoin, the native token throughout the Telegram ecosystem, has witnessed a meteoric rise, leveraging the huge consumer base of Telegram and its Ton blockchain.

WIF (WIF): Solana-based meme coin WIF [Dogwifhat] had a 24-hour buying and selling quantity of $539.17 million. WIF has seen a dramatic surge in value of twenty-two.18%. The token’s presence on the record is not any shock, contemplating it was among the many high two best-performing large-cap cryptocurrencies of 2024. In just below 4 months, WIF helped buyers develop their investments exponentially, minting millionaires.

BONK (BONK): With a 24-hour buying and selling quantity of $518.56 million, BONK has additionally seen a major value improve of 8.04%. The canine-inspired token on Solana took the meme coin world by storm final 12 months when it turned the third-largest meme coin with a formidable $727 million market capitalization. Since then, the token has climbed the ranks of distinguished meme cash, and its present market cap is over $1.7 billion.

Regardless of their inherent volatility and internet-fueled hype, the presence of meme cash on this record displays the continued enthusiasm for these cryptocurrencies. Whereas some analysts view meme cash purely as speculative ventures with restricted real-world use circumstances, others see them as potential entry factors to the cryptocurrency marketplace for novice buyers.

It is very important observe that the crypto market is inherently risky and vulnerable to fast value fluctuations. Traders are suggested to conduct their very own analysis earlier than making any funding choices.