Release: 2024/10/21 16:49 Reading: 512
One of the biggest names in crypto is stirring up talk about frog meme coins.
Whale Insider, a popular Twitter account, recently named Pepe (PEPE) and other frog-themed tokens as the best cryptos to watch right now.
Whale Insider Announces Top Frog Meme Coin Picks
Whale Insider is a big name in the industry, with over 300,000 followers on Twitter.
In just three days, their post has pulled in 413,000 views.
And it's all about meme coins, which is getting everyone talking.
Whale Insider shared a list of 14 meme coins ranked by market cap that they believe are worth watching this month.
Topping the list is PEPE, with a $4 billion market cap at the time of writing.
But PEPE isn't the only frog-themed coin on the list - FWOG and PEIPEI also made the cut.
What's grabbing everyone's attention is how Whale Insider's tweet hints at a trend.
Along with the frogs, there's a mix of dog and cat meme coins.
Clearly, Whale Insider is betting on animal-inspired meme coins to continue receiving huge demand going forward.
And since Whale Insider is a trusted voice, people pay attention when they highlight which coins to watch.
Meme Coin Market Trades Sideways as Traders Await Its Next Move
It's been a wild week for meme coins so far.
After Monday's rally, everyone was excited, but Tuesday saw a bit of a pullback, bringing traders back to reality.
Now, the market is in a holding pattern, with most coins moving sideways.
The total meme coin market cap is holding steady at $49 billion.
However, spot volumes have dipped 20% in the last 24 hours, down to $5.8 billion.
That's still much higher than where they were last week.
When it comes to individual meme coins, it's a mixed picture right now.
PEPE and SHIB are both up 2% since yesterday, while BABYDOGE is leading the way with an 18% spike.
On the downside, coins like BONK, POPCAT, and MOG are slightly in the red.
Traders seem to be waiting to see where things go from here.
The Crypto Fear & Greed Index is at 49 - right in "Neutral" territory.
That signals that many are sitting on the fence, waiting for clearer conditions before re-entering the market.
But with a number of potentially positive catalysts on the horizon, we may see another surge in meme coin activity sooner rather than later.
New Frog Meme Coin Pepe Unchained Raises $18M in Presale
While the broader market is taking a breather, one project is still gaining ground - Pepe Unchained (PEPU).
This new project just sailed past $18 million in its presale, offering investors a narrow window to buy PEPU tokens before they hit exchanges.
But why is Pepe Unchained getting so much attention?
It's all because of the development team's big plan to launch a Layer-2 scaling solution just for meme coins.
They've also announced developer grants, which will distribute cash to those willing to build DApps on the new "Pepe Chain."
Clearly, the developers are looking to combine the fun of meme coins with real utility.
This lines up with what Whale Insider was hinting at.
They tipped PEPE, FWOG, and PEIPEI as top picks - all three of which are frog-themed coins.
Pepe Unchained also has a hilarious frog mascot, so it's benefiting from the same trend.
However, unlike those three coins, Pepe Unchained has real tech behind it.
Its Layer-2 chain could be huge for active traders, allowing them to keep more of their profits.
And since Pepe Chain will also have a staking app, there will be additional opportunities to earn passive income.
The hype around the project is real, as recently highlighted by prominent crypto analyst Crypto Gains above. Crypto Gains' channel boasts over 130k followers.
If Pepe Unchained's upcoming launch is a success, it could bounce past the competition, becoming the top frog meme coin to buy.
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