Meme coins SHIB, WIF, PEPE soar amid Bitcoin pause
Release: 2024/03/02 14:54 Reading: 287
Meme coins have once again ignited interest in the cryptocurrency market with their impressive performance after staying quiet for over two years. Today, on March 2, 2024, top meme coins including Shiba Inu (SHIB), Pepe (PEPE), and DogWifhat (WIF) show a remarkable surge in their price in the last 24 hours.
SHIB, WIF, and PEPE performance in last 24 hoursOn March 2, 2024, the Shiba Inu (SHIB) token experienced a massive 55% price surge in just 24 hours, whereas the Pepe (PEPE) token also gives tough competition to SHIB and surged 52% in the last 24 hours. However, the former CEO of BitMEX, Arthur Hayes’ favorite DogWifhat (WIF) token, also experienced a massive over 35% price surge in the last 24 hours.
Besides all these meme coins, the world’s biggest meme coin DOGE also shows its outstanding performance and surged 20% in the last 24 hours. However, it is also observed that in the last 24 hours, according to the Whale Alert post on X (previously Twitter), two crypto whales have sold nearly $70 million worth of DOGE coin whereas at the same time, another crypto whale bought $13.3 million of DOGE coin. Currently, it looks like some crypto whales are booking their profit, and some are still looking bullish.
Are investors long on meme coins?These performances by
meme coins come amid when the world’s biggest cryptocurrency Bitcoin paused after a continuous price surge in the last 30 days. These impressive performances by meme coins highlight investors’ as well as retailers’ interest.Currently, SHIB is trading near $0.000019, and in the last 24 hours, it experienced a massive price surge of over 55%. If we look at the performance of SHIB over a longer period, in the last 7 days, SHIB token experienced a price surge of over 110%, whereas in the last 30 days, it experienced a price surge of over 120%. Following the massive price surge of SHIB in the last 24 hours, recently, it is observed that an unknown wallet bought $50 million worth of SHIB tokens.
The PEPE token also shows an impressive price surge and is currently trading near $0.0000041. In the last 7 days, it experienced a massive price surge of over 250%. However, in the last 30 days, PEPE experienced a price surge of over 350%.
With the impressive price surge of both SHIB and PEPE, DogWifhat (WIF) token makes its comeback, and in the last 24 hours, it experienced a massive price surge of over 35%. If we look at the performance of the WIF token over a longer period, in the last 7 days, it experienced a massive price surge of over 310% of upside momentum. Whereas, in the last 30 days, it experienced a price surge of over 460%, and with this record surge, it becomes a topper of meme coins for this month.
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