Meme Coin has seen significant gains over the past month, increasing $6.7 billion, or 39.18% since November 8. While bonk (BONK) is leading the pack, up 153% against the US dollar last week, there are also several other meme coins such as dogecoin. , Shiba Inu, Pepe recorded a double-digit increase.
Explosive growth in the Meme coin sector as market capitalization reaches $23.8 billion
The meme coin economy is now worth $23.8 billion, $6.7 billion more than the $17.1 billion recorded 30 days ago. Nine of the top ten meme tokens have seen double-digit gains over the past week.
DOGE and SHIB, the top two companies by market value, each rose 19.1% to 21.5%. Pepe, the third largest, rose 43.5% against the dollar last week.
BONK is up 153%, and FLOKI is up 24.2% this week. MEME rose 34.3% and BABYDOGE rose 30.8%. CORGIAI is the only one in the top 10 not to see double-digit gains, but is up 4.5% over the past seven days.
The 10th largest meme coin, called “harrypotterobamasonic10inu”, is up 31.9% against the US dollar. Other notable risers in the meme coin world include DOG, TOSHI, HUAHUA, and NFD.
In fact, a total of 11 meme-based cryptocurrency assets, including BONK, recorded triple-digit increases. A total of 53 MEMCOIN assets recorded double-digit gains against the US dollar.
The top meme coin, Dogecoin (DOGE), has a market cap of $14.12 billion, representing 59.32% of the entire meme coin economy. Shiba Inu (SHIB) has a market capitalization of $5.97 billion as of December 9, 2023, accounting for just over 25% of the $23.8 billion meme coin market.
What do you think about the gains Meme Coin has made over the past week? Let us know your thoughts in the comments section below.
Source: Bitcoin.com