One meme coin stands out with a nearly 100% increase in its value, pushing its market capitalization past $500 million and making it the 12th largest in its category.The cryptocurrency market suffered a massive pullback in the past few days, with leading digital assets such as Bitcoin and Ethereum to multi-week lows. The meme coin sector was particularly harmed, with Dogecoin , Shiba Inu , dogwifhat , Pepe , and many othersThe situation looks much better today .
The asset’s market capitalization surpassed the $500 million mark, making it the 12th biggest in the meme coin realm.Another meme coin that has experienced a substantial revival today is SLERF . Its price is up around 37%, whereas its market capitalization exceeded $200 million.One whale withdrew over $1.5 million from Binance to purchase almost 480 million MEW tokens at an average price of $0.0032, while another bought 4 million SLERF coins, spending approximately $1.3 million.
Dealing with meme coins and selling the stash at the right time could result in multi-million profits. However, traders should also keep in mind the notorious volatility of the asset class, which may result in crucial losses. If you are about to hop on the bandwagon, please check our dedicated video below to avoid some common mistakes:AI Will be One of those Areas Where Blockchain has Genuinely Improved: Flare Network’s CEO Hugo Philion One Weekly Email Can Change Your Crypto Life.
Source: News Formal (newsformal.com)
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