SHIB, PEPE, FLOKI, BONK: Meme Coins Amid Best Performers

Meme Cryptocurrencies Surge Amidst Market Recovery

Cover image via U.Today

Meme cryptocurrencies are experiencing a surge in trading volume as digital assets recover from a volatile weekend. Pepe (PEPE), a prominent meme coin on Ethereum (ETH) and Arbitrum (ARB), has nearly achieved double-digit gains.

PEPE, SHIB, FLOKI Outperform Top 100 Benchmark

On May 13, 2024, meme coins have emerged as the top performers among the top 100 cryptocurrencies by market capitalization. Pepe (PEPE) leads the pack with an impressive 10% growth. Image by CoinGecko

Floki (FLOKI), another popular dog-themed cryptocurrency, exhibits a comparable growth rate, while Shiba Inu (SHIB) has gained 7.4% overnight.

Dogecoin (DOGE), the largest meme crypto by market cap and the only "dog coin" in the top 10, has surged by 5.6%. Its capitalization has surpassed $21 billion.

Bonk (BONK) and Dogwifhat (WIF) are also notable gainers, with 6.7% and 3.6% increases, respectively.

Meme Coin-Related Segments Thrive

In contrast to their underperformance over the weekend, meme coin-related segments are now trending upward.

The crypto market overall has added only 1.7% overnight, while Bitcoin (BTC) has jumped by 2.7%.

Among altcoin segments, those associated with meme coins have demonstrated notable growth rates in 24 hours.

Cat-themed coins have surged by 14.5%, second only to AI cryptocurrencies. This spike is attributed to rallies in POPCAT, MOG, and other minor cat coins.

CoinGecko data reveals that meme coins and dog-themed coins are the fourth and fifth fastest growing segments, respectively.