Pepe (PEPE) is a relatively new memecoin that has gained significant attention in recent weeks due to its massive price surge.
- Pepe coin gained never ending attention on Twitter.
- WOJAK’s price climbed about 130% in a day.
Cryptocurrencies have become more mainstream and widely recognized as a legitimate asset class. However, the emergence of memecoins is a relatively new phenomenon that has gained significant attention in the cryptocurrency world.
Memecoin Gaining Investor’s Attention
Wojak is another new memecoin that also attracted investors in recent weeks as PEPE. Wojak (WOJAK) is based on a popular internet meme, specifically the “Feels Guy” or “Wojak” meme. Further, the coin experienced a massive price surge, with its value increasing by over 1,000% in just a few days.
According to Coingecko, WOJAK traded at $0.00030140 with a 24-hour trading volume of $48 million. Also, Wojak’s price climbed about 130% in the last 24 hours.
The sudden surge in the value of these memecoins has attracted both investors and critics. Some investors are drawn to the potential for high returns, while others are sceptical of the legitimacy of these coins and worry about the risks associated with investing in them.