DOGECOIN, SHIBA INU, PEPE, BONK, DOGWIFHAT, AND FLOKI BEGIN RECOVERY AMIDST ETHEREUM ETF OPTIMISM
- Meme coins DOGE, SHIB, PEPE, BONK, WIF, and FLOKI have started recovering from the recent correction in the crypto market.
- BONK extended gains by over 17% in the last 24 hours, while PEPE ralliesd 13%, per CoinGecko data.
- Legal expert says that the SEC is likely to be drawn to meme coins, the most profitable crypto category in Q2 2024.
Meme coins added 8% to their market capitalization in the last 24 hours amidst a market-wide recovery in crypto. The top five meme coins in the category have started their recovery, as seen by the 24-hour gains on CoinGecko.
Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk (BONK), Dogwifhat (WIF), and Floki (FLOKI) started their recovery, posting between 1% and 17% gains in the past 24 hours.
Ethereum holders are awaiting the Securities and Exchange Commission’s (SEC) approval on the investment product. ETH traders are optimistic and this is one of the market movers that has catalyzed a recovery in Ethereum-based meme coins and related assets in the past 24 hours.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-