Meme coins surge as market dips: WSB and PEPE lead the way
- The global crypto market cap has dropped by 2.16%.
- Bitcoin has dropped by 2.60% while Ethereum has dropped by 3.26%.
- WSB is today’s top gainer after a 400% price surge.
Meme coins are today’s top gainers as the majority of big cryptocurrencies plunge. WALL STREET BABY (WSB), a little-known meme coin, for example, has surged by 400.14% to become today’s top gainer.
Other meme coins that have seen tremendous price gains include AiShiba (shibai), which at press time had surged by 171.21%, and PEPE which had surged by 128.14%.
Crypto market dropping
It is interesting to see little-known coins take on major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). While the above-mentioned meme coins saw a triple-digit percentage rise, BTC saw a 2.60% decrease and Ethereum saw a 3.26% drop.
Popular meme coins seem to follow the major cryptocurrencies as Shiba Inu (SHIB) and Dogecoin (DOGE) dropped by 2.48% and 2.97% respectively. So why are the little-known meme coins rising?
Why are little-known meme coins surging?
Well, the PEPE coin seems to be leading the way after OKX announced listing the PEPE/USDT trading pair starting today with PEPE withdrawals starting tomorrow. There is no major crypto news affecting the rest of the meme coins meaning they are riding on PEPE’s hype.
PEPE has surged by 305% while the WALL STREET BABY (WSB) has raised by a whopping 1878.13% in the last seven days.