The trading volume of memes has leapt a giant 23.14% in the past 24 hours. So what’s behind the sudden rise?
According to CoinMarketCap, mafia-inspired meme The Dons (DONS) has been jumping and is currently trading at $0.001155 – an increase of 29.10% in 24 hours and 562.69% over seven days. Plus, it’s clear from the consistent #DONS hashtag on Twitter in the past few days that it’s one to watch right now.
Other memes seeing high price action this morning include Rocket Raccoon (ROCKET) at 21.52%, ChitCAT (CHITCAT) at 12.22%, South Park (PARK) at 11%, and Pengu (PENGU) at 16.04%. Meanwhile, SAUDI PEPE and LADYS have both dropped.
Top frog PEPE is trading at approximately $0.000001605 – an increase of 2.4%. It’s still 63.23% down from its all-time high of $0.000004354 on 5 May, however.
On DEXTools, ShibaPEPE (SHIPE), Ngmi Coin (NGMI), South Park (PARK), and Elmo Coin (ELMO) are some of the morning’s other skyrocketing memes.
Top three trending pairs of the day by volume
According to DEXTools, as of the time of writing on 18 May, the site’s top-performing pairs by volume in the past 24 hours are:
$WAGMI/WETH – currently trading at $0.01602, up 171,923.16%. Self-described as “w token… so obvious it just might work.”
$PZOO/WBNB – currently trading at $0.00008904, up 1,392.18%. Created two days ago, no other data available.
$MAGNETO/WBNB – currently trading at $0.01067, up 1,043.19%. Created a day ago, no other data available.
Most-visited Hot Pairs of the day
The day’s top three most-visited ‘Hot Pairs’ so far according to DEXTools are:
$PEPE/WETH – $0.01575, up 0.14%.
$ESCO/WETH – $0.01468, up 151.7%.
$TURBO/WETH – $0.0007117, up 0.38%.
At the time of writing at 10am BST, the global crypto market cap is currently worth $1.14trn – a 1.5% increase in the past 24 hours.
The price of Bitcoin (BTC) is trading at $27,399.88, a rise of 2.05% in the past day, while Ethereum (ETH) is at $1,828.05, up 0.98%.
Memecoin disclaimer
These tokens are not intended as investment advice. The cryptocurrency market is very volatile and past performance is never a guarantee of future returns.
Remember to always do your own research before buying a new coin or token. Never invest more than you can afford.
