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Memecoins Surge: WIF, BOME, and FLOKI Lead Crypto Rally

Published 05/29/2024, 07:00 PM
Updated 05/29/2024, 07:45 PM
Memecoins Surge: WIF, BOME, and FLOKI Lead Crypto Rally
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  • WIF soars 21% in 24 hrs, reaches $4.06 amid $555.95M in open interest.
  • FLOKI’s TVL hits $820M, trading bot beta sparks 11% price jump.
  • BOME rallies 11.68%, market cap exceeds $1 billion during memecoin surge.

In the past 24 hours, memecoins have staged a significant rally. Leading the charge are $WIF, $BOME, and $FLOKI, all of which have seen impressive price increases and跻身 (jī shēn) – entered – the top 10 crypto gainers according to CoinMarketCap data. This surge comes despite broader market volatility, with Bitcoin (BTC) remaining flat below the $70,000 mark, trading at $68,518 at press time.

Analysts attribute the surge in $WIF, $BOME, and $FLOKI to the recent rise in meme stocks, which has rekindled interest in meme cryptocurrencies. GameStop (GME), often seen as the catalyst for this movement, experienced a 23% increase after announcing it raised nearly $1 billion through stock sales. This resurgence has attracted renewed attention from retail investors and paved the way for the ascent of meme cryptocurrencies.

dogwifhat (WIF)

Solana-based Dogwifhat (WIF) has also seen substantial gains, jumping by 21% in the last day. The increased open…

The post Memecoins Surge: WIF, BOME, and FLOKI Lead Crypto Rally appeared first on Coin Edition.

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