The world of memecoin trading has become a battleground of animal-themed tokens, with frog, dog, and cat coins experiencing exponential growth in the past month as cryptocurrency prices soar to new heights.
In just the last 24 hours, dog-themed coins alone have generated a staggering $24.2 billion in trading volume. Leading the pack are Dogecoin (DOGE) and Shiba Inu (SHIB). On the other hand, cat-themed coins, like Solana-based Popcat (POPCAT), have generated $63.4 million in trading volume within the same timeframe, according to data from CoinGecko.
Among these animal tokens, some have performed better than others. The top-performing dog token in the past month has been dogwifhat (WIF), a Solana-based memecoin that has seen a remarkable 620% increase in value. Starting at $0.22 on February 4, it has climbed to $1.55 at the time of writing. Since its launch on November 20, WIF has delivered returns exceeding 100,000%, although only a few traders have been fortunate enough to capitalize on these gains.
On the cat side, Popcat (POPCAT), another Solana-based coin, has been the star performer, posting gains of over 1,400% in the last 30 days. It has risen from $0.006 on February 4 to $0.10 currently.
Dogecoin has also experienced a sudden surge in the past week, with a modest increase of just over 117% in the last seven days. Similarly, Shiba Inu has seen gains of over 323% within the same timeframe.
Even outside the realms of dogs and cats, a handful of frog-themed tokens have shown strength in their performance. The standout among them is Pepe (PEPE), a memecoin that gained significant attention on February 25 after being declared dead due to an 83% drop from its previous all-time highs in 2023. However, Pepe experienced a swift price increase and surge in trading volume. It surpassed its previous all-time high of $0.00000372 on March 2 and has since doubled in value. At the time of writing, Pepe is being traded at $0.00000802, marking a remarkable 781% gain in the last 30 days. In the past 24 hours alone, Pepe has generated over $4.2 billion in trading volume.
The cryptocurrency market continues to demonstrate its unpredictability, with various animal-themed coins commanding significant attention and generating substantial trading volumes. As the industry evolves, it is clear that these unconventional tokens have captured the imagination of traders and investors alike.