Summary: Meme coins are enjoying this moment to the fullest right now as meme coins have managed to hit a record breaking $134 billion market cap. Social media hype is fueling “mini breakouts,” but the whale action behind the scenes might mean wild price swings are ahead.
Social Hype = Meme Coin Gains
As mentioned earlier on summary section, the meme coin scene is buzzing, with booming coins with famous names like Dogecoin, Shiba inu and Pepe riding the newly started wave of social media FOMO. According to Santiment, meme coins have been trending hard over the past week, seeing crazy spikes in online chatter. Big holders (aka whales) are likely to keep pumping these coins to reel in retail investors for some juicy profits.
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Pepe Takes the Crown
Pepe is leading the social dominance charts, flexing with a recent price rally to an all-time high of $0.0000266 before chilling at $0.0000245. Even BinanceUS is joining the party, announcing plans to add Pepe trading for U.S. users. Meanwhile, Dogecoin and Shiba Inu are holding strong with market caps of $67 billion and $18.6 billion, respectively.
FOMO Meets FUD
But here’s the tea: when markets get this hyped, whales tend to cash out, leaving retail investors with the bag. Meme coins thrive on social trends, so whether it’s “To the Moon!” or a sell-off, one thing’s for sure—they’re keeping crypto spicy.
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