Looking at the past weeks in the cryptocurrency market, Bitcoin has clearly capitalized on its rise, with meme coins being the biggest unknowns in the market. On days when some projects couldn’t even achieve a 2x increase, some meme coins refreshed their All-Time Highs (ATH) and even yielded gains of more than 8x. On the other hand, the meme coin frenzy that emerged on the SOL network turned the entire market upside down. While all this was happening, top market projects like PEPE, FLOKI, and BONK experienced a decline after their rises. So, what is the current situation with these coins?
What’s the Current Dollar Value of PEPE?
PEPE, one of the leading actors in the meme coin rise, had things going its way, and during the meme coin surge, the process led to PEPE knocking off a zero. Today, however, as the meme coin craze has moved to another dimension, the diminishing interest in PEPE has not gone unnoticed.
As of the time of writing, PEPE’s price has fallen by 17% to $0.000006744, with a 21% decrease over the last 7 days. Nevertheless, PEPE’s gains were so significant that a monthly review showed its price had grown by over 400%.
On the other hand, PEPE’s market capitalization is just over $2.8 billion, placing it 44th in the market cap rankings. PEPE’s 24-hour trading volume has fallen by 35.50% to just over $1 billion. This sharp decline could be interpreted as investor interest shifting to other cryptocurrencies.
Is Floki Coin’s Price Falling?
Following PEPE, FLOKI has been one of the most notable meme coins in the last month, but things do not seem to be going well. Floki Coin has fallen by over 19% in the last 24 hours to $0.0001883. FLOKI’s gains over the last month indicate a 480% increase.
During this period, FLOKI’s market capitalization was $1.8 billion, while its 24-hour trading volume fell by 26% to $524 million.
Has Solana’s BONK Stopped?
It wouldn’t be wrong to say that all eyes are on the Solana ecosystem. BONK, considered one of the pioneers of the Solana ecosystem’s meme coin craze, was doing well in the past weeks, but the last 7 days seem to have been challenging.
Solana’s BONK is finding buyers at $0.00002324 after a 14% drop in the last 24 hours. BONK’s market capitalization has fallen to $1.5 billion, with a trading volume of $386 million after a 7% decrease.
Recently, BOME took over the market and captured all the attention. Following this, thousands of new projects were created within the Solana ecosystem, concentrating investor interest on the ecosystem’s meme coins.
This intensity has also reflected on the price of SOL, which today surpassed the $210 mark for the first time in a long while, moving closer to its ATH. It would be beneficial for investors to remember that SOL was trading at $8 at the beginning of 2022.
