- PEPE leads with $976.96M, up 6.77%.
- Dogecoin follows with $727.36M.
- NOT and WIF gain, showing investor interest in meme coins.
Meme coins continue to capture traders’ attention on the world’s largest cryptocurrency exchange, Binance. As of July 9th, 2024, almost half of the top ten cryptocurrencies with the highest 24-hour trading volume on Binance were meme coins.
PEPE (PEPE): The frog-themed token held a 24-hour trading volume of $976.96 million, with a significant price increase of 6.77%.
Closely trailing behind is Dogecoin (DOGE), the original meme coin, securing the second spot. DOGE’s 24-hour trading volume reached $727.36 million, and despite a modest 2.89% price increase, DOGE maintains a significant market capitalization of $24.88 billion.
NOT (NOT had a 24-hour trading volume of $651 million, Notcoin, the native token within the Telegram ecosystem, has witnessed a meteoric rise, leveraging the vast user base of Telegram and its Ton blockchain.
WIF (WIF): Solana-based meme coin WIF [Dogwifhat] had a 24-hour trading volume of $539.17 million. WIF has seen a dramatic surge in price of 22.18%. The token’s presence on the list is no surprise, considering it was among the top two best-performing large-cap cryptocurrencies of 2024. In just under four months, WIF helped investors grow their investments exponentially, minting millionaires.
BONK (BONK): With a 24-hour trading volume of $518.56 million, BONK has also seen a significant price increase of 8.04%. The canine-inspired token on Solana took the meme coin world by storm last year when it became the third-largest meme coin with an impressive $727 million market capitalization. Since then, the token has climbed the ranks of prominent meme coins, and its current market cap is over $1.7 billion.
Despite their inherent volatility and internet-fueled hype, the presence of meme coins on this list reflects the ongoing enthusiasm for these cryptocurrencies. While some analysts view meme coins purely as speculative ventures with limited real-world use cases, others see them as potential entry points to the cryptocurrency market for novice investors.
It is important to note that the crypto market is inherently volatile and prone to rapid price fluctuations. Investors are advised to conduct their own research before making any investment decisions.
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