Traders in the world of memecoins have found themselves embroiled in a fierce battle, as tokens with frog, dog, and cat themes have seen their values skyrocket by triple and quadruple digits in the past month, mirroring the surge in cryptocurrency prices.
In the last 24 hours alone, dog-themed coins have amassed an impressive trading volume of over $24.2 billion, with the likes of Dogecoin (DOGE) and Shiba Inu (SHIB) leading the way. Meanwhile, cat-themed coins, including Solana-based Popcat (POPCAT), have generated a trading volume of $63.4 million within the same timeframe, according to CoinGecko data.
The trading volume of dog-themed memecoins has exceeded $24 billion in just one day. Source: CoinGecko
However, not all animal-themed tokens have performed equally well. The top-performing dog token over the past month has been the Solana-based memecoin dogwifhat (WIF), which has seen an impressive 620% increase from the previous month. Its price has risen from $0.22 on February 4 to $1.55 at the time of writing.
Since its launch on November 20, WIF has achieved remarkable returns of over 100,000%. However, only a handful of traders would have been fortunate enough to realize such substantial gains from this token.
On the other hand, the best-performing cat coin has been Popcat (POPCAT), also based on Solana. Within the last 30 days, Popcat has experienced gains of over 1,400%, climbing from $0.006 on February 4 to $0.10 at present.
Popcat has achieved gains of more than 1,400% in the past month. Source: CoinGecko
Dogecoin has also witnessed a sudden surge in value over the past week, with a gain of just over 117% in the last seven days. Similarly, Shiba Inu has seen gains of over 323% within the same timeframe.
Moving beyond cats and dogs, a small number of frog-themed tokens have also performed exceptionally well, with Pepe (PEPE) leading the pack. Despite being widely regarded as “dead” after experiencing a significant drop of 83% from its previous all-time high on May 6, 2023, Pepe saw a rapid increase in price and trading volume starting on February 25.
Pepe surpassed its previous all-time high of $0.00000372 on March 2 and has since doubled in value. Currently, Pepe is being traded at $0.00000802, representing a remarkable 781% gain in the last 30 days.
Pepe alone has generated a trading volume of over $4.2 billion in the past 24 hours.
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