Dogecoin

Memetic / PepeCoin

Cardano

Solana

Shiba Inu

Floki Shiba

FLOKI

Bonk

Snek

Never underestimate the power of Degens. As crypto is making a resurgence on the back of institutional money flooding in, memecoins have clung onto the coattails of their blue-chip counterparts to join their parabolic rise.Whilst institutional money is likely going nowhere near memecoins, Degens are tenaciously banding together to pump their beloved penny-stock-esque assets.<h2 id="header-0">BONK (664%)</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/17dab3b437f54af0b715df920b923ba9.png" /><a href="https://www.blockhead.co/tag/solana" rel="noopener noreferrer nofollow">Solana</a>-based dog-themed memecoin, <a href="https://bonkcoin.com/?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">BONK</a>, is now the third-largest memcoin by marketcap. Soaring more than 660% over the last month, BONK has grown from $0.000002432 to $0.00015.Unlike traditional memecoins, which offer no core fundamentals, BONK developers are building a full-fledged community coin to be used across all the dApps built on Solana. Each user has the opportunity to be part of its ecosystem.BONK&#39;s remarkable growth has been fuelled by its official <a href="https://www.coindesk.com/markets/2023/12/14/meme-coin-bonk-spikes-40-on-coinbase-listing/?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">listing</a> on <a href="https://www.blockhead.co/tag/coinbase/" rel="noopener noreferrer nofollow">Coinbase</a> by, which happened on Thursday, causing it to jump another 40%. It&#39;s market cap currently stands at close to $1 billion.“Once sufficient supply of this asset is established, trading on our BONK-USD trading pairs will launch in phases,” Coinbase said on Wednesday. “Support for BONK may be restricted in some supported jurisdictions.”BONK has already been listed on Binance and KuCoin, and is gaining from the momentum of Solana, which itself has risen over 30%.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/cff2e15c5a9b44cebbedb32f8b264f2f.png" />Although BONK&#39;s price is certainly impressive, last month saw the memecoin rise 1,600%. Traders are continuing to buy and sell high volumes of BONK derivatives, leading to a large increase in open interest.<h2 id="header-1">SNEK (400%)</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/2b5d09c793f64f80ab981edd64b972d9.png" /><a href="https://www.blockhead.co/tag/cardano/" rel="noopener noreferrer nofollow">Cardano</a>-based snake-themed memecoin SNEK has grown around 400% over the past month, with a market cap of just $94 million. Over the past 24 hours, $4.1 million worth of SNEK exchanged hands, marking a 55% increase from yesterday.SNEK is now a top 10 gainer over the last 24 hours, edging out BONK.Much of SNEK&#39;s growth is inspired by Cardano&#39;s recent strength, which has seen its token ADA rise almost 80% over the last month<img src="https://academy-public.coinmarketcap.com/optimized-uploads/f75f643f1e4842afa675830ce5d30b8e.png" />Lastmonth, Cardano founder <a href="https://www.blockhead.co/tag/charles-hoskinson" rel="noopener noreferrer nofollow">Charles Hoskinson</a> took a swing at the SEC and its categorization of crypto. “It&#39;s a security. Okay, well what the hell does that mean if it&#39;s decentralized, how does Bitcoin register? Oh, it&#39;s not? Then explain to me the f*****g difference between Bitcoin and Ethereum and Cardano and the rest of the gang,” he asserted.<h2 id="header-2">PEPE (22%)</h2>PEPE&#39;s performance might not be as impressive as BONK&#39;s or SNEK&#39;s but last month, the frog-themed memecoin reached a quarterly high, jumping over 40%. This month, PEPE&#39;s price sank but is still up 22%.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4515048d70484492a445d6522e1b2525.png" />Recent data from <a href="https://twitter.com/intotheblock/status/1732823575516639441?t&#61;yNlF0i0d2ZnnfdxPb933ig&amp;s&#61;19&amp;ref&#61;blockhead.co" rel="noopener noreferrer nofollow">IntoTheBlock</a> suggests that PEPE&#39;s recent price rise has resulted in a higher percentage of its holders being in a profitable position, ranking second in terms of the number of holders in profit.However, whilst PEPE&#39;s market cap continues to rise, its volume fell more than 18% over the past 24 hours.<h2 id="header-3">FLOKI (9%)</h2>In a similar tale to <a href="https://www.blockhead.co/tag/pepe" rel="noopener noreferrer nofollow">PEPE</a>, FLOKI&#39;s November performance was much stronger than in December. Last month, FLOKI hit its annual high, enjoying a rise of 30%. This month, FLOKI saw its price drop but has been on the up ever since.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/db2409bc6faa4e119e1342c4ed06d99f.png" />Last week, digital asset market maker and multi-stage Web3 investment firm DWF Labs <a href="https://coingape.com/here-why-floki-price-skyrockets-24/?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">purchased</a> $1,250,000 of FLOKI from the treasury and expressed a strong commitment to its ecosystem. The move signals further bullish potential in the memecoin. DWF also purchased 120 million FLOKI tokens in November, following its partnership with the memecoin in May 2023, which included a $5 million FLOKI token purchase.<h2 id="header-4">DOGE (28%) &amp; SHIBA (105%)</h2>Everyone&#39;s favourite dog-themed memecoins, <a href="https://www.blockhead.co/tag/dogecoin" rel="noopener noreferrer nofollow">DOGE</a> and <a href="https://www.blockhead.co/tag/shiba-inu" rel="noopener noreferrer nofollow">SHIBA</a> are predictably soaring along with the rest of the memecoin market.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/2af1afb8c19a4f34aa67ea6f9106a1aa.png" /><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3bc562e732ae4fff980b4bc70d766394.png" />DOGE has risen 28% whilst SHIBA is up a whopping 105%. However, both have experienced sharp declines over the past few days, with DOGE&#39;s volume dropping 25% and SHIBA&#39;s falling 29% over the last 24 hours.The epitome of memecoins, DOGE and SHIBA don&#39;t exactly have an ecosystem or fundamentals to build upon; momentum is purely driven by market sentiment... And whatever Elon Musk tweets.Subscribe to Blockhead&#39;s daily newsletter for <a href="https://www.blockhead.co/#/portal/signup" rel="noopener noreferrer nofollow">FREE</a> and stay in the loop on digital assets. Follow our <a href="https://twitter.com/blockhead_co" rel="noopener noreferrer nofollow">X</a> and <a href="https://t.me/blockhead_co" rel="noopener noreferrer nofollow">Telegram</a> for our latest updates too!

BONK Soars 664% as Memecoin Season Blooms

BONK Soars 664% as Memecoin Season Blooms

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