Meme coins make remarkable gains as popular tokens PEPE, WIF, FLOKI, MOG lead the way
- PEPE is seeing significant gains as it approaches a crucial support zone.
- FLOKI, WIF, and MOG surge by over 20%, erasing previous losses.
- The meme coin market is up by more than 12% as the overall crypto market recovers.
Meme coins are once again dominating the cryptocurrency market as the positive impact of Bitcoin’s recovery spreads throughout various crypto categories. PEPE, WIF, FLOKI, and MOG are spearheading the resurgence, with their daily performance exceeding the 20% mark on Monday.
PEPE, WIF, FLOKI, MOG take the lead as major gainers
After enduring a significant downturn in the meme coin sector over the past few weeks, several meme coins have made a strong comeback in the last 24 hours amidst the recent market recovery.
PEPE skyrocketed by 22%, resulting in a weekly gain of 17%. This surge has brought PEPE close to a previous accumulation zone, where investors had acquired approximately 58.6 trillion PEPE at an average price of $0.000011. With the growing bullish sentiment, investors are less likely to sell at breakeven near this zone, making it a critical level of support if PEPE continues its upward trajectory.
dogwifhat (WIF) surged by over 22%, extending its weekly rise to over 24%. This surge reaffirms WIF’s position as the top Solana-based meme coin, after briefly losing its spot to BONK last week.
MOG experienced a rally of over 20%, reaching a new all-time high earlier today after a remarkable 73% weekly increase, propelling it into the top 100 cryptocurrencies by market capitalization. Remarkably, whales have been actively accumulating MOG over the past week. Prior to hitting its all-time high, data from Lookonchain showed that wallet 0x7Afc withdrew 528.9 billion MOG worth $1.1 million, while 0xE76c spent 709,884 USDC to purchase 284.2 billion MOG.
FLOKI also joined the rally, surging over 20% and achieving a weekly gain of 27%.
The meme sector has witnessed a nearly 13% increase in the past 24 hours as these tokens continue their impressive rally.