PEPE, the 3rd largest meme coin after Dogecoin and Shiba Inu, continued its recent increase today. PEPE, which has increased by more than 200% in the last week, rose to $ 0.0000036.

On Binance, the world’s largest stock exchange, the volume of PEPE in USDT parity is around 670 million dollars as of the time the news was written.

The rise in PEPE also left those who made leveraged transactions in this token in the opposite corner. The value of short positions liquidated in the last 24 hours exceeded $6.3 million.

Is the meme coin craze starting?

Meme coins have recently made themselves known with the rise in some Solana-based tokens. BONK in this category increased by 50% and WIF by 130% in the last week.

FLOKI, one of the most well-known meme coins issued on Ethereum, also increased by 20% in the last 24 hours and 80% in the last week.

The meme coin called MAGA, issued in the name of US presidential candidate and former president Donald Trump, also increased by 30% in the last 24 hours and 170% in the last week.

Will Doge and Shiba also participate?

DOGE and SHIB, two coins that were once in a frenzy, seem to be waiting in ambush for increases. Dogecoin increased by 19% and Shiba Inu increased by 18% in the last week. The rises in the two tokens have been limited compared to other meme coins…

According to data from Coingecko, the total market value of meme coins is about to approach 30 billion dollars… The value increased by 17% in the last 24 hours, reaching 28.4 billion dollars.

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