The world of memecoin trading has become a battleground for different animal-themed tokens, with frog, dog, and cat coins experiencing exponential growth in the past month as cryptocurrency prices soar to new heights.
In just the last 24 hours, dog-themed coins have accumulated a staggering $24.2 billion in trading volume, with the likes of Dogecoin (DOGE) and Shiba Inu (SHIB) leading the way. Meanwhile, cat-themed coins, including Solana-based Popcat (POPCAT), have generated $63.4 million in trading volume within the same timeframe, according to data from CoinGecko.
However, not all animal-themed tokens have performed equally well. The top-performing dog token over the past month has been the Solana-based memecoin dogwifhat (WIF), which has seen a remarkable 620% increase in value, rising from $0.22 on February 4th to $1.55 at the time of writing. Since its launch on November 20th, WIF has achieved returns of over 100,000%, although only a few traders were fortunate enough to capitalize on such impressive gains.
On the other hand, the best-performing cat coin has been Popcat (POPCAT), also based on Solana. Within the last 30 days, Popcat has surged by over 1,400%, climbing from $0.006 on February 4th to $0.10 at the time of publication.
Even Dogecoin, the popular dog-themed cryptocurrency, experienced a sudden surge in the past week, with a gain of just over 117% in the last seven days. Similarly, Shiba Inu has seen a remarkable increase of over 323% within the same timeframe.
Outside of the realm of cats and dogs, a small number of frog-themed tokens have also performed exceptionally well, with Pepe (PEPE) leading the pack. Despite being declared “dead” after plummeting by as much as 83% from its previous all-time high in May 2023, Pepe witnessed a rapid price increase and trading volume on February 25th. It surpassed its previous all-time high of $0.00000372 on March 2nd and has since doubled in value. As of now, Pepe is being traded at $0.00000802, representing a remarkable 781% gain in the last 30 days. In the past 24 hours alone, Pepe has generated over $4.2 billion in trading volume.
Overall, animal-themed memecoins have been captivating the crypto market, with dog, cat, and frog tokens making significant gains. As these tokens continue to attract attention and generate substantial trading volume, the world of memecoin trading remains an exciting and unpredictable arena.