Once again, meme coins are experiencing a surge, outpacing the rest of the cryptocurrency market while major coins like Bitcoin and Ethereum are facing losses. Meme coins on Ethereum and Solana have risen by over 7% in the past 24 hours, with an 18% increase in trading volume as traders flock to this sector.
This surge has created opportunities not only for large-cap meme coins like $BRETT, $WIF, $BONK, and $PEPE but also for emerging meme coins with lower market caps and small but dedicated communities. One of the new tokens attracting attention is Pepe Unchained, which has the potential to become the next explosive meme token.
The top 10 meme coins are all on the rise today, with $PEPE increasing by 15%, $WIF by 16%, and $BONK by 12%. The base meme coin $BRETT has seen the most significant surge, with an increase of nearly 25% in the last 24 hours. Other meme coins that have experienced more than a 10% increase in the past day include $BOME, $MOG, $POPCAT, and $TRUMP.
This surge in meme coin value is accompanied by a significant increase in trading volume, indicating a large movement of traders into the meme coin space. For example, the trading volume in $PEPE has risen to $950 million, up from just $350 million earlier in June. Similarly, $BRETT has seen $70 million worth of tokens moved, compared to $20 million just three days ago.
The excitement surrounding meme coins is evident on Crypto Twitter, where traders and analysts are discussing the shift in momentum and sharing news about gains from their favorite tokens. Many are openly mocking Bitcoin, Ethereum, and utility altcoins, which have underperformed meme coins since the beginning of the year and once again seem to be lagging behind in this latest surge.
The surge in meme coin value does not have a clear catalyst. There have been no major economic releases, announcements in the crypto community, or surges in Bitcoin in the past 24 hours. However, traders may have seen an opportunity after meme token prices had generally fallen over the past week. Prior to today’s surge, $PEPE was down 30% in June, $WIF had fallen by 55%, and many other meme coins that are now surging had experienced similar losses. Analysts had predicted that the decline was a temporary consolidation rather than a sustained downturn, and it appears that they were correct.
The surge in meme coin value has opened up opportunities for new tokens as well as large-cap meme coins. Pepe Unchained is a token that has capitalized on this momentum and has raised $700,000 in sales of its $PEPU token during its presale earlier this week. Many believe that Pepe Unchained could be the next meme coin to achieve a significant increase in value.
Pepe Unchained offers the Pepe meme its own blockchain network, which is a major contrast to $PEPE, which is built on Ethereum. The new Pepe Unchained network provides ultra-low transaction fees and instant bridging to Ethereum, making it an excellent alternative chain for traders who want to avoid Ethereum’s high fees. The Pepe Unchained network also surpasses Ethereum in terms of speed, offering transaction validation roughly 100 times faster while still benefiting from Ethereum’s robust proof-of-stake security model.
During the presale, traders have the opportunity to purchase $PEPU at a price of $0.0080641 using $ETH, $USDT, or $BNB. In addition, $PEPU purchased during the presale can be staked for 2,990% APY, providing a generous passive return for traders. This ensures that those who buy Pepe Unchained will have a significant investment when the token launches for trading.
