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Pepe

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<a href="https://bitcoinworld.co.in/ethereum-and-solana-meme-coins-in-the-spotlight-as-pepe-and-wif-surged/" title="Ethereum and Solana Meme Coins In The Spotlight As PEPE And WIF Surged" rel="noopener noreferrer nofollow"></a>
Meme coins are back in the spotlight, with prominent tokens like <a href="https://coinstats.app/coins/pepe/" rel="noopener noreferrer nofollow">Pepe</a> and Dogwifhat (WIF) experiencing rallies in the past 24 hours.&nbsp;
Pepe, the frog-themed token, surged by 37% in the last 24 hours and 142% over the past 7 days, reaching its highest price since May 2021.&nbsp;
Similarly, Solana’s WIF token saw a 69% increase over the past week.
This surge is attributed to several factors. Firstly, meme coins are increasingly seen as a way to bet on the growth of their underlying blockchains.&nbsp;
As both Ethereum (ETH) and Solana (SOL) rallied over 8% in the past day, meme tokens within their ecosystems followed suit.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/serenity-shield-token-sersh-plummeted-98-within-minutes-after-a-major-security-incident/" aria-label="“Serenity Shield Token (SERSH) Plummeted 98% Within Minutes After A Major Security Incident” (Edit)" rel="noopener noreferrer nofollow">Serenity Shield Token (SERSH) Plummeted 98% Within Minutes After A Major Security Incident</a>
This comes amidst a broader market rally led by Bitcoin, which reached a two-year high of $58,000.&nbsp;
BTC gained over 11% in the past week, as outflows from Grayscale’s GBTC have slowed down.
This renewed interest in meme coins also stems from their potential profitability.&nbsp;
While traditionally considered lacking intrinsic value, some investors view them as a risky but potentially lucrative way to capitalize on ecosystem growth.&nbsp;
Additionally, meme culture and the community engagement that meme tokens often spark are recognized as valuable assets.&nbsp;
The Avalanche Foundation recently announced a $100 million culture fund to invest in such tokens.
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The post <a href="https://bitcoinworld.co.in/ethereum-and-solana-meme-coins-in-the-spotlight-as-pepe-and-wif-surged/" rel="noopener noreferrer nofollow">Ethereum and Solana Meme Coins In The Spotlight As PEPE And WIF Surged</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Ethereum and Solana Meme Coins In The Spotlight As PEPE And WIF Surged

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