The post Meme Coins Take Over Crypto Markets; Should Bitcoiners be Concerned? appeared first on Coinpedia Fintech News
Last week, meme coins took the crypto world by storm, with a trading volume of $2.3 billion, marking a six-fold increase from the previous week. This surge in popularity has raised concerns about the speculative mania in non-serious cryptocurrencies and the potential impact on the broader crypto market.
PEPE: A Three-Week-Old Meme Coin With a Market Cap of $1.82 Billion
The recent surge in meme coin trading volume was primarily driven by Pepecoin (PEPE), a frog-themed token launched in mid-April. On Friday, PEPE’s market capitalization surpassed $1 billion and eventually peaked at $1.82 billion. While this is a remarkable achievement for a three-week-old meme cryptocurrency, the market cap has since fallen to $889 million.
Also Read: Memecoin Mania: What To Expect From PEPE, SHIB, DOGE Price Next Week? – Coinpedia Fintech News
BRC-20 Tokens and the Bitcoin Networ
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