Ethereum's Memecoin Kings: PEPE and WOJAK

PEPE and WOJAK have become the most popular Memecoins on Ethereum, with a transaction volume of over $250M and $120M respectively.

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They have surpassed popular cryptocurrencies such as WETH, USDC, and USDT in trading volume.

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Jaredfromsubway.eth's MEV robot has captured $1.5M in profits from PEPE trading pairs.

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Same MEV robot has captured $2.81M in profits from WOJAK trading pairs.

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MEV stands for Miner Extractable Value and refers to the profits that miners can make by exploiting the ordering of transactions.

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The data has been sourced from EigenPhi, a blockchain analytics firm that provides insights into cryptocurrency markets.

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The popularity of Memecoins in the cryptocurrency market is influenced by social media, but their surging value doesn't necessarily indicate trustworthiness.

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