Shiba Inu, PEPE, Floki, Bonk Ride Epic Bitcoin Rally With 3000% Surge In Weekly Trading Volumes
Portfolio Pulse from Mehab Qureshi
Memecoins like Shiba Inu (SHIB), PEPE, Floki (FLOKI), and BONK have seen a 3000% surge in trading volumes over the past week, according to Santiment. PEPE, an Ethereum-based memecoin, soared over 370%, while Bonk and Floki also experienced significant price increases. This rally coincides with Bitcoin's rise to $65,000, boosting the total market cap of the top 100 meme coins by 30% to $52 billion.
March 04, 2024 | 10:16 am
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POSITIVE IMPACT
Bonk, on the Solana blockchain, has seen a 190% price increase, approaching its all-time high.
Bonk's significant price jump and approach to its all-time high indicate strong investor interest, suggesting a positive short-term outlook.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Floki (FLOKI) charted a 350% rise on the weekly price index, ranking 16th in trading volume.
Floki's substantial price increase and high trading volume suggest a positive market outlook, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
PEPE, an Ethereum-based memecoin, has seen its price climb over 370% and its market value double from $1.5 billion to $3 billion in just two days.
PEPE's dramatic price increase and trading volume surge indicate a strong bullish sentiment, likely leading to continued short-term positive price movement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
Shiba Inu (SHIB) has experienced a 176% increase in price alongside a 3000% surge in trading volume over the past week.
The significant increase in trading volume and price suggests strong market interest and momentum, likely leading to a short-term positive impact on SHIB's price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90