While the crypto economy has reached a value of $1.2 trillion, meme coin markets have experienced substantial gains this week, with the top five meme tokens recording both 24-hour and seven-day gains. According to recent data, pepe is leading the pack with a 34% increase in the last 24 hours and a 66% increase over the past week.
Whales Capitalize on Price Dip as Pepe Surges in Meme Coin Market
The meme coin economy witnessed a surge in value on June 22, 2023, with a 6.9% increase over 24 hours, bringing the current market valuation to $15.5 billion at 8:03 a.m. Eastern Time, June 22. Leading the market in terms of market cap, dogecoin (DOGE) has risen by 3% today and 8.3% over the past seven days. Following closely is shiba inu (SHIB), which experienced a 7.5% jump in 24 hours and a 19.3% increase for the week. Collectively, DOGE and SHIB account for $13.8 billion of the overall $15.5 billion market valuation, representing 89% of the meme economy’s value.
Among the top five meme tok
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