Meme Tokens Continue to Dominate the Market, with $DOGE Leading the Way

In the past week, $DOGE reached an impressive trading volume of $34.2 billion, according to Phoenix data.

Meme tokens have continued to dominate the market this week, with $DOGE leading the pack. According to Phoenix data, $DOGE reached an impressive trading volume of $34.2 billion.

Phoenix, a crypto analytical platform, shared the weekly report of top memecoins through its official social media account.

TOP #MEME TOKENS BY WEEKLY TRADING VOLUME

$DOGE $PEPE $SHIB $WIF $NEIRO #MOODENG $NOT $POPCAT $DOGS $GOAT $X $BOME $PEOPLE $BONK $TURBO

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$PEPE Joins $DOGE at the Top with $12.4B Weekly Trading Volume

Among the top meme tokens, $PEPE had one of the highest trading activity, reaching $12.4 billion in weekly volume. The token has now found its place in the market and is among the most trending meme tokens in the market. At the same time, $SHIB remains in a stable third place with a weekly trading turnover of $5.5 billion and remains one of the most recognizable meme coins.

Other famous tokens are $WIF and $NEIRO with the volume of trading volume $2.9 billion and $2.7 billion respectively. These tokens have been steadily receiving attention and are slowly building a place for themselves in the meme coin niche $MOODENG with $1.7 billion in volume and $NOT at $1.5 billion also made it to the top performers for the week.

There are also other tokens such as $POPCAT, $DOGS, and $GOAT that are also experiencing high trading volume; $POPCAT was at $1.4 billion, while $DOGS recorded $1.3 billion. At the same time, $GOAT was traded $1.2 billion. This growing demand for memecoins highlights the growing interest of crypto community in memecoins.

Memecoin Market Sees $X, $BOME, $PEOPLE, and $BONK Increasing in Volumes

Other relatively less significant meme tokens include $X with $1.1 billion, $BOME with $1.0 billion and $PEOPLE with $974 million, $BONK with $861 million, and $TURBO with $806 million, this shows that the market is full of meme tokens with so much potential.

These numbers, presented by Phoenix, indicate that meme tokens, despite occasional declines, are still actively developing and remain highly popular in terms of trading activity in the market for various assets.