Ethereum

Bitcoin Pizza Day

FLOKI

Ethereum meme coins are dominating the crypto scene following spot ETF applications for the largest altcoin. The asset’s price soared 23% yesterday and is up 28.4% this week as market activities spike. The total meme coin market cap stands at $62.8 billion with bulls projecting more inflows.&nbsp;
Ethereum-based meme coins are the largest gainers today as the community continues to drive inflows. Particularly, PEPE, FLOKI, and SHIB have recorded bullish momentum as sentiments flip green. Here’s how top Ethereum meme coins performed in the market.&nbsp;
<h2 id="strong-pepe-leads-the-pack-strong">PEPE Leads The Pack</h2>
Popular memecoin <a href="https://coingape.com/markets/pepe-price-prediction-is-pepe-the-next-dogecoin-in-2024/" target="_blank" rel="noopener noreferrer nofollow">PEPE</a> is up 21.7% taking its market cap to $5.7 billion. The Ethereum meme coin trades at $0.00001367 with a massive short-term price rally. This week, PEPE has jumped 25.5% and over 111% in the last 30 days. A major bullish factor driving the price of PEPE is the 78.3% rise in trading volumes.&nbsp;
<img decoding="async" class="aligncenter size-full wp-image-198197" src="https://coingape.com/wp-content/uploads/2024/05/chart-38.jpeg" alt="" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/05/chart-38.jpeg 1644w, https://coingape.com/wp-content/uploads/2024/05/chart-38-300x219.jpeg 300w, https://coingape.com/wp-content/uploads/2024/05/chart-38-1224x893.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/05/chart-38-768x561.jpeg 768w, https://coingape.com/wp-content/uploads/2024/05/chart-38-1536x1121.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/05/chart-38-150x109.jpeg 150w" sizes="(max-width: 1644px) 100vw, 1644px">
The increased market activity has driven a rally in similar meme coins in the network. <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/floki-inu/" target="_blank">FLOKI</a> is up 7.5% today with a new drive in volumes and trading activities. The asset trades at 0.0002294, recording 4% gains this week and 32.2% monthly flows. FLOKI bulls remain positive projecting a yearly 634% rise.&nbsp;
MAGA (TRUMP) is another Ethereum token that has seen inflows surging in the last 48 hours. With daily gains at 9.24%, the meme coin has recorded 55% monthly gains and a rise in trading volumes. The asset trades at $8.45, 26% below its all-time high with the community tipping a wider growth.&nbsp;
<h2 id="strong-will-ethereum-meme-coin-gain-sustain-strong">Will Ethereum Meme Coin Gain Sustain?</h2>
The recent rise in the crypto market is due to increased anticipation for a spot <a href="https://coingape.com/ethereum-etf-buzz-hint-bidens-crypto-policy-shift-whats-the-catch/" target="_blank" rel="noopener noreferrer nofollow">Ethereum ETF</a> approval by the United States Securities and Exchange Commission (SEC). At press time, Ethereum trades at $3,699 following double-digit gains.
Most market analysts expect further inflows to Ethereum meme coins and the decentralized finance ecosystem should spot ETF get the green light. The wider market is also expected to see a jump in volumes.&nbsp;
Also Read: <a href="https://coingape.com/trending/bitcoin-pizza-day-best-cryptocurrencies-to-buy-under-the-cost-of-two-pizza/" target="_blank" rel="noopener noreferrer nofollow">Best Cryptocurrencies to Buy This Bitcoin Pizza Day Under The Cost of Two Pizza</a>&nbsp;
The post <a href="https://coingape.com/trending/ethereum-meme-coins-gain-will-flows-sustain/" rel="noopener noreferrer nofollow">Ethereum Meme Coins Gain: Will Flows Sustain?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Ethereum Meme Coins Gain: Will Flows Sustain?

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