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Memecoin popularity remains high, WIF leads with a 17% increase and a surge in trading volume
【Crypto World】The popularity of Memecoin has not cooled down despite the New Year. The entire sector’s market cap has increased by 5.72%, now standing at $47.75 billion. Among them, Dogwifhat (WIF) performed the most eye-catching, with a single-day increase of over 17%, and trading volume doubled, soaring to a daily trading scale of $450 million.
In the major memecoin market, Pepe (PEPE) and Bonk (BONK) have become the main characters of this round of market. PEPE rose 17%, BONK followed closely with a 14% increase, and the two brothers have secured the top positions on the leaderboard. Another veteran player, Dogecoin (DOGE), experienced a relatively mild increase, but also turned red by nearly 2%.
Interestingly, Shiba Inu (SHIB) whales’ wallets are continuously sweeping up, and this accumulation momentum has driven SHIB to surge over 8%. It seems that big investors still have confidence in this sector.