Dogecoin (DOGE) may not have initially stood out, but it certainly did after Elon Musk’s involvement, reshaping the history of cryptocurrencies. The meme coin, which created its own millionaires due to the Elon Musk effect, paved the way for others like SHIB and its competitors. After the bull season of 2021, the market slowed down and subsequently declined, leading to the emergence of many meme coins in 2022, 2023, and 2024. So, what’s the latest with meme coins like PEPE, FLOKI, and BONK?
PEPE Coin
PEPE was perhaps one of the standout meme coins of 2023. Amidst the chaos in the cryptocurrency markets, PEPE truly shone and caused a spike in Ethereum network fees during that period.
By March 2024, PEPE was clearly capitalizing on the meme coin frenzy. Today, PEPE continues to trade, albeit far from its all-time high (ATH).
As of this writing, PEPE has seen a 1% increase in the last 24 hours, trading at $0.00000747. It’s also worth noting that PEPE has surged over 50% in the past seven days.
Additionally, PEPE’s market cap has returned to $3.15 billion, reclaiming its third-place position from WIF. PEPE’s 24-hour trading volume was $1.2 billion, which represents a 2.75% decrease from the previous day.
Floki Coin
FLOKI was one of the stars of the March 2024 bull run. Over the past year, FLOKI has delighted its investors with a rise of over 2000%.
However, the situation for FLOKI today doesn’t look as promising. FLOKI has fallen to a market volume of $1.7 billion after a more than 2% drop in the last 24 hours.
Its 24-hour trading volume has decreased by 11%, amounting to $280 million, suggesting that investors are holding onto their cryptocurrencies rather than selling.
BONK Coin
BONK, along with PEPE, was among the most notable meme coins of 2023. Amid the Solana frenzy, BONK shone brightly, leading to the creation of many millionaires.
In the last year, BONK has shown a staggering 3382% increase, signaling a true frenzy. Despite a rise at the end of 2023, BONK experienced significant gains in March.
Current data shows that BONK, after a 9% increase, is trading at $0.00002595. BONK’s market cap has also surpassed $1.68 billion following this rise.
A potential new bull run in the future could pave the way for new rallies for BONK, showcasing significant price increases to its investors.
