PEPE breaks through $0.00001 to hit a record high! FLOKI, DOGE and other dog meme coins are gaining popularity

This site (120bTC.coM): As Bitcoin rebounded to around $63,000, many cryptocurrencies also began a new round of rebound, among which Meme cryptocurrencies rebounded the most. Strong.

According to Coingecko data, among the top 100 cryptocurrencies by market capitalization, 6 of the top 8 with the highest increase in the past 24 hours are Meme-based tokens, and the top three with the highest increase are all Meme-based tokens. Tokens, namely PEPE, FLOKI and DOGE, experienced increases of 19.1%, 19.1% and 10.1% respectively.

PEPE hits a new all-time high

In addition, PEPE, the third largest meme currency, once again hit a new all-time high in this rising market. According to Binance data, the price of PEPE in the early morning of today (14th) It once rushed to $0.00001119, exceeding the previous high price of $0.00001025 on March 14.

GME short squeeze promoter Keith Gill returns, and the related Meme currency skyrockets

In 2021, he called on retail investors to buy GameStop stock (GME) to fight against Wall Street institutions Promoter Keith Gill, whose social platform Do you think this article heralds the imminent return of Keith Gill?

Perhaps inspired by this, a number of meme coins related to GameStop and Roaring Kitty also set off a craze on major chains yesterday, such as KITTY (Roaring Kitty) on Solana, GameStop’s meme coin GME, and Ethereum GME, the Meme coin of the same name on GameStop...

Among them, KITTY on Solana is the most popular and has the largest increase. According to Dexscreener data, KITTY, which was deployed on Solana a month ago, rose from a minimum of $0.0002118 to a maximum of $0.05461 yesterday, and fell back to $0.04342 before the deadline, an increase of 20,600%.

In the Dexscreener popular token rankings, the increase of related tokens with a market value of more than 1 million US dollars:

• ##SOLBET (SOL STREET BETS) has increased by 65,087% in the past 24 hours, The market value is US$1.5 million

• gil(kith gil) has increased by 4,886% in the past 24 hours, and the market value is US$2.7 million

• WSB(Wall Street Bets) It has increased by 448% in the past 24 hours, with a market value of US$4.2 million

• GME (GameStop) has increased by 291% in the past 24 hours, with a market value of US$78.3 million

• KITTY (Roaring Kitty) has increased by 246% in the past 24 hours, with a market value of US$24.8 million

• GME(GAME COUNTINUE) has increased by 37.69% in the past 24 hours, with a market value of US$1.2 million

The tweets boosted the skyrocketing of multiple Meme coins

It is worth mentioning that last night, Keith Gill successively posted several tweets from TV and movies Although the reason for the release of the short video composed of clips was not stated, after a video about the X-Men Wolverine was released, more than 30 Wolverine-related meme coins appeared on the Internet on Pump.fun, Solana, and Ethereum. Issued on blockchains such as Fang and Base. Although most tokens experienced a surge after the video was released, the vast majority of tokens had no one to trade because their liquidity pools were drained.

In addition, Melvin Capital, a Meme currency related to GameStop (a hedge fund that was squeezed out of GME shorts three years ago), also rose by 1,200% yesterday. However, the token’s liquidity was unstable, so Users will encounter large price deviations when buying and selling.

Regarding the Meme craze triggered by Keith Gill, some people think it is a tribute to the sensational "GameStop Short Squeeze Incident" that year. Some people think that in Web3, where institutions are now dominant, there needs to be a leader to lead retail investors. A leader in fighting the establishment. However, after three years, Keith Gill's return will undoubtedly make people speculate whether he will lead retail investors to repeat the "GameStop Short Squeeze Incident" in the Web3 field.

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