Pepe’s price has risen nearly 400% in the past week, and its market cap has doubled in the past two days.
The memecoin frenzy has seen trending memecoins, such as Pepe, Floki, Bonk and others, record a massive rally over the past week. The memecoins have recorded a price surge of over 500% and a nearly 3,000% surge in trading volume.
According to data shared by Santiment, on average, Pepe (PEPE), Floki (FLOKI), Shiba Inu (SHIB) and Bonk (BONK) have seen their volumes rise over 3,000% in the past week as public interest and prices have moved significantly, with many memecoins recording new all-time highs (ATH).
Most memecoins that see mammoth growth during bull runs are also among the tokens that record the sharpest decline after, with some losing over 80% of their value from their peak.
