Get Premium Data for Cyber Monday: Up to 55% Off InvestingProCLAIM SALE

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
COMP/USD
-
WINK/USD
-
B2M/USD
-

  • 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.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.