Memecoin season is among us and the FOMO is real. We keep reading about early investors making massive returns, but how are they doing it? How long will the current meme frenzy last?
Having only launched a few weeks ago, the frog-themed PEPE has quickly managed to become the third-biggest meme in the market behind Dogecoin and Shiba Inu. It since has spurred a flock of meme contenders to get in on the action, with hundreds of new coins sprouting up every day.
According to DEXtools, SpongeBoB (SPONGE) is the day’s most-visited coin, followed by PEPE and FOUR. Not far behind on their trail are HEX and TURBO.
As of 12 May 2023, the trading volume of memecoins are up 14.23% in the past 24 hours, according to the latest stats from CoinMarketCap.
So let’s get straight to it – what are the hottest token pairs currently trading at the top of charts right this second?
Top three trending pairs of the day by volume
According to DEXtools, as of the time of writing on 12 May, the site’s top-performing pairs by volume in the past 24 hours are:
$BOBO/WETH – up 162,724.73% and trading at $0.07144. Market volume of $5.75m and created 11 hours ago. It details itself as: “Bobo the meme bear is a popular internet meme that has been adopted as the mascot for a memecoin, representing the fun and irreverent spirit of the cryptocurrency world.”
$POKMEN/WETH – up 27,090.17% and trading at $0.01326. Market volume of $3.01M and created 16 hours ago. Self-description: “Welcome to Pokmon, the memecoin of fun, On the ETH network, we’re second to none.”
$LINDA/WETH – up 26,589.73% and trading at $0.6078. Market volume of $3.57M and created 11 hours ago. Seemingly named after the new Twitter CEO, Linda Yaccarino.
Most-visited Hot Pairs of the day
The day’s top three most-visited ‘Hot Pairs’ so far according to DEXtools are:
$SPONGE/WETH – trading at $0.0004940, down 14.27%.
$PEPE/WETH – trading at $0.01285, down 21.05%.
$FOUR/WETH – trading at $0.00001080, down 60.75%.
As of 12 May 2023, the global crypto market cap is currently worth $1.10trn – a 2.65% decrease in the past 24 hours.
This is not intended as investment advice. Cryptocurrency markets are very volatile and past performance is no guarantee of future returns. Remember to always do your own research before buying into a new coin or token. Never invest more than you can afford.