Meme Coins Weekly Trading Volume Surged 3000%: New Record?

Various meme coins, including Pepe Coin, Floki, and Bonk showed impressive growth over the last week, showing a 500% increase in prices and a 3000% increase in weekly trading volume.

The sentiment report has highlighted an average of 3000% increase in trading volume seen in meme coins like Floki Inu, Shiba Inu, and BONK. It has happened because of the bullish market situation where many meme coins have recorded their new all-time-high values.

Top Meme Coins Involved In This Surge

Hundreds of meme coins play a significant role in the crypto market, and the list of most popular includes Dogecoin, Shiba Inu, Floki Inu, Pepe Coin, etc. For this week’s trading volume, the following were the most noteworthy meme coins: –

PEPE Coin Price Analysis

Pepe Coin is currently trading at $0.000007415 and has surged more than 700% from its value a month ago when it was trading at 0.0000009104. Meme coin PEPE has continuously surged since the 26th of February and has reached the 9th position on coinmarketcap for its trading volume.

It has already crossed the previous all-time-high value and has created a new record of $0.000007583 on 4 March 2024. Its trading volume is at $3,352,300,658 after a hike of 81%, and the market cap is at $3,097,225,742 after a hike of 41%.

BONK Price Analysis

BONK is currently trading at $0.00003828 and has surged more than 270% from its value a month ago when it was trading at 0.00001003. It has continuously surged since the 26th of February and has reached the 14th position on coinmarketcap for its trading volume.

BONK has already crossed the previous all-time-high value and has created a new record of $0.00003966 on 4 March 2024. Its trading volume is at $1,413,255,385 after a hike of 140%, and the market cap is at $2,510,866,34 after a hike of 53%.

Floki Inu Price Analysis

FLOKI is currently trading at $0.0001546 and has surged more than 460% from its value a month ago when it was trading at 0.00002762. It has continuously surged since the 26th of February and has reached the 18th position on coinmarketcap for its trading volume.

It is halfway to its all-time-high value of $0.0003437, which happened three years ago on 4 November 2021. Its trading volume is at $1,413,255,385 after a little dip of 26%, and the market cap is at $1,508,609,147 after a hike of 6.5%.

DogeCoin Price Analysis

While talking about other meme coins, the most famous Dogecoin also made progress in its charts. DOGE is currently trading at $0.169 and has surged more than 113% from its value a month ago when it was trading at 0.07903. It has continuously surged since the 26th of February and has reached the 6th position on coinmarketcap for its trading volume.

DOGE is 77% away from its all-time-high value of $0.7376, which happened three years ago on 8 May 2021. Its trading volume is at $5,360,618,573 after a hike of 85%, and the market cap is at $24,395,758,458 after a hike of 21.7%.

Conclusion

Various meme coins have played a role in pushing the weekly trading volume to 3000%, including the Floki Inu, BONK, Pepe Coin, etc. What’s more exciting is that all these meme coins started surging almost around the same time and continued that surge even after days. It has to see where these meme coins will move forward and what the charts will look like. Read more about should meme coins be part of your investment portfolio in 2024.