Meme Coins SHIB- WIF- PEPE Surge as Bitcoin Pauses

Meme coins have once again caught the attention of the cryptocurrency market with their remarkable performance, following a period of relative quietness lasting over two years.

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Today, on March 2, 2024, leading meme coins like Shiba Inu (SHIB), Pepe (PEPE), and DogWifhat (WIF) have seen a significant surge in their prices over the past 24 hours.

Meme Coins Surge as DOGE Shows Strength

On March 2, 2024, the cryptocurrency market witnessed significant price surges among meme coins. Shiba Inu (SHIB) token led the pack with an impressive 55% surge in just 24 hours, closely followed by the Pepe (PEPE) token, which recorded a 52% increase during the same period. Additionally, DogWifhat (WIF) token, favored by former BitMEX CEO Arthur Hayes, saw a substantial surge of over 35% within the last 24 hours.

Notably, the world’s largest meme coin, DOGE, demonstrated outstanding performance by surging 20% in the last 24 hours. However, amidst this surge, there were notable movements among crypto whales. According to a post by Whale Alert on X (formerly Twitter), two crypto whales sold nearly $70 million worth of DOGE coin, while another whale purchased $13.3 million worth of DOGE coin during the same timeframe. This activity suggests that some crypto whales are capitalizing on profits, while others remain bullish on DOGE’s future prospects.

Meme Coins Shine Amid Bitcoin Pause

The recent performances of meme coins coincide with a pause in the world’s largest cryptocurrency, Bitcoin, following a continuous price surge over the last 30 days. These impressive showings by meme coins underscore the growing interest among both investors and retailers in this sector.

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Shiba Inu (SHIB) Surge and Recent Activity: Currently trading near $0.000019, SHIB has experienced a remarkable price surge of over 55% in the last 24 hours alone. Over a longer period, SHIB has seen substantial gains, with a surge of over 110% in the last 7 days and over 120% in the last 30 days. Notably, following the recent surge, an unidentified wallet purchased $50 million worth of SHIB tokens.

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Pepe (PEPE) Token Performance: PEPE token is trading near $0.0000041 and has witnessed an impressive price surge, gaining over 250% in the last 7 days and over 350% in the last 30 days.

DogWifhat (WIF) Token Makes a Strong Return: Amidst the remarkable performances of SHIB and PEPE, the DogWifhat (WIF) token has staged a comeback, surging over 35% in the last 24 hours. Over the last 7 days, WIF has experienced a surge of over 310%, while over the last 30 days, it has seen an impressive increase of over 460%, making it a top performer among meme coins for the month.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.