Bitrabo Editorial
Dogecoin and Shiba Inu, although considered the largest meme coins, are now facing a decline in their market dominance. Newer meme coins have shown better performance in terms of returns, overshadowing the original meme coins as they cope with losses. Let’s take a look at the top meme coins that have shown the highest returns in the past week.
Pepe (PEPE) Leads Meme Coins Surpassing Dogecoin
Pepe has displayed remarkable dominance in the meme coin arena, with a rapid surge from a market cap below $500,000 to over $1 billion and still going strong. It has recently been setting new all-time highs, standing out as the top-performing meme coin.
Over the last month, the price of Pepe has surged by over 100%, recovering from the market downturn in April. In mid-May, reaching an all-time high above $0.00001, it has further increased by 60%, hitting $0.00001655 with a market cap of $6.88 billion, ranking as the third-largest meme coin.
In terms of weekly gains, Pepe has outperformed, rising by 48.6% in the last seven days, according to data from CoinGecko.
Floki (FLOKI) Surpasses Shiba Inu
Floki has emerged as one of the most unexpected success stories of the year, escalating from a market cap of under $500 million to over $2.5 billion in a short span. This surge has positioned Floki as the fourth-largest meme coin, surpassing competitors like BONK.
Similar to Pepe, FLOKI has witnessed remarkable growth this month, surging over 100%. In the past seven days alone, its price has increased by 30.6%, nearing its all-time high of $0.0003365. Currently priced at $0.0003016, Floki stands just 10% away from achieving a new record high.
Bonk (BONK)
Bonk has sustained its upward trend post surpassing the $0.000036 resistance. With a 26.7% rise in the last week and an additional 11.8% gain in the past day, the meme coin now holds a market cap of $780 million.
Although behind FLOKI on the list of top meme coins, Bonk has slipped out of the top 5 but remains ahead of Book Of MEME (BOME), currently valued at $395 million.
Dogwifhat (WIF)
Dogwifhat, a meme coin less than a year old, has made significant progress in a short time span. Over the past week, Dogwifhat’s price has shown notable performance among meme coins, securing the fourth-highest returns for investors in the weekly standings.
Based on CoinGecko data, Dogwifhat’s price has increased by 1.1%. Despite trailing behind PEPE and BONK, it maintains a lead over established meme coin leaders like Dogecoin and Shiba Inu.