Pepe PEPE/USD, Fartcoin FARTCOIN/USD, and Bonk BONK/USD

Meme coins are making waves again, with Pepe PEPE/USD, Fartcoin FARTCOIN/USD, and Bonk BONK/USD surging in value over the past week.

Meme coins have been making headlines again as Pepe PEPE/USD, Fartcoin FARTCOIN/USD, and Bonk BONK/USD have surged in value over the past week.

Despite uncertainty in broader markets, these coins have defied the trend, attracting increased trading volume and investor interest.

Also Read: Trader Notes: Altcoin Sherpa is keeping a close eye on Fartcoin, and will be looking to enter trades once it breaks out past $0.36.

According to trader Crypto Lyxe, any long position on Fartcoin during red candles has been profitable.

Crypto trader Essex says that any long position on Fartcoin during red candles has been profitable.

According to trader Essex, .720 is the level for Pepe to break for the bull run to continue.

But BlockRocket warns that the peak for meme coins may have passed with meme coins like PEPE, Bonk, and Dogwifhat WIF/USD having already reached "all-time highs."

He explained that mass adoption and exchange listings of meme coins like Pepe, Fartcoin, and Bonk occurred in November and December.

At that point, even casual investors were piling in. He added that was a sign of a hype cycle already played out.

Statistics: According to CoinGecko data, the meme coin market capitalization is currently at $52.8 billion, marking a 0.5% increase on Wednesday.

Despite high volatility in the broader crypto currency markets, the valuation has maintained above the $50 billion mark.

In an X post on Wednesday, Plazma reported that Pepe has added 518 new Pepe holders in a single day.

In a post on Tuesday, he stated that the top Robinhood wallet is the second-largest holder and all wallets combined hold 6.19% of the supply. He also predicted to see some "big gains" this week.

IntoTheBlock data shows Pepe's large transaction volume spiked 16.3%, while daily active addresses are down 5.3% in a single day. Transactions greater than $100,000 are up from 239 to 319.

Coinglass data shows open interest on all these meme coins has increased in a single day with Fartcoin leading at 22%, Pepe and Bonk and 5% and 3.7%, respectively.

Also Read: Is Fartcoin A Scam? Cryptocurrency Explained As It Soars 1,000% This Week