PEPE Leads Meme Coin Rally as Ether Nears $4K
Traders have been using meme tokens as a proxy bet on the growth of Ethereum or other blockchains.
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Traders have been using meme tokens as a proxy bet on the growth of Ethereum or other blockchains.
The tokens have been sold to an undisclosed buyer and will be vested for two years.
Data from CoinGecko shows the AI token category was up 25% on average in the past 24 hours, compared to bitcoin’s 0.3% increase.
Prices of Solana’s SOL are up nearly 600% over the past year, CoinGecko data shows.
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Local market observers pointed out that the so-called “Kimchi premium” crossed a two-year high mark on Thursday.
Some meme coins are surging in anticipation of more exchange listings in the coming months.
Crypto markets slid as much as 10% in the past 24 hours, but have quickly been bought up by bulls.