Is the Meme Coin Craze Back? Binance Trading Data Suggests Yes
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Meme coins are once again grabbing traders' attention on Binance, the largest cryptocurrency exchange. As of July 9th, 2024, almost half of the top ten cryptocurrencies in terms of 24-hour trading volume on Binance were meme coins. Leading the surge is PEPE, a frog-themed token, which amassed a 24-hour trading volume of $976.96 million, accompanied by a notable price increase. This data suggests a strong and growing interest in meme coins among traders, possibly marking the beginning of a new trend in the cryptocurrency market.
Source: coinedition.com ↗
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