Pepe, Fartcoin, Bonk Leapfrog Dogecoin, Shiba Inu In Momentum As Traders Predict Bullish Momentum

Meme coins are making waves again, with Pepe PEPE/USD, Fartcoin FARTCOIN/USD, and Bonk BONK/USD surging in value over the past week.

Despite uncertainty in broader markets, these coins have defied the trend, attracting increased trading volume and investor interest.

Trader Notes: Altcoin Sherpa is watching Fartcoin closely, noting he will enter trades once it breaks out past $0.36.

Crypto Lyxe says that any long position on Fartcoin during red candles has been profitable.

Crypto trader Essex marks .720 as the level for Pepe to break for the bull run to continue. BlockRocket warns that the peak for meme coins like PEPE, Bonk, and Dogwifhat WIF/USD may have passed, citing mass adoption and exchange listings from November to December as a sign of full distribution.

At that point, even casual investors were piling in. He added that was a sign of a hype cycle already played out.

Statistics: Coingecko data shows the meme coin market capitalization currently at $52.8 billion, marking a 0.5% increase on Wednesday.

Despite high volatility in the broader crypto currency markets, the valuation has maintained above the $50 billion mark.

In an X post on Wednesday, Plazma reported that Pepe has added 518 new Pepe holders in a single day.

In a post on Tuesday, he stated that the top Robinhood wallet is the top second holder and all wallets combined hold 6.19% of the supply. He also predicted to see some “big gains” this week.

IntoTheBlock data shows Pepe’s large transaction volume spiked 16.3%, while daily active addresses are down 5.3% in a single day. Transactions greater than $100,000 are up from 239 to 319.

Coinglass data shows open interest on all these meme coins has increased in a single day with Fartcoin leading at 22%, Pepe and Bonk and 5% and 3.7%, respectively.

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