Meme Coin Frenzy Continues: Pepe and Dogwifhat Lead Surge with 48% Price Rally

The meme coin surge continues to gain momentum, with tokens like Pepe and Dogwifhat leading the charge. Dogwifhat’s community raised a staggering $650,000 to display a meme on the Las Vegas Sphere, resulting in a remarkable 48% surge in WIF prices. Alongside, other meme coins such as Pepe, Dogecoin, and Mog also witnessed substantial gains.

Additionally, the PoliFi sector, focusing on U.S. politicians, has seen the emergence of tokens like BODEN and TREMP, misspelled versions of Joe Biden and Donald Trump. Investment managers anticipate that the meme coin craze will persist, especially with low fees on platforms like Solana.

The meme coin sector has surged by an average of 12% in the past 24 hours, surpassing the broader crypto market. Tokens like Floki, Pepe, Dogwifhat and Shiba Inu gained significant traction in late February, with some experiencing up to 800% increases in a week amid market volatility.

With the success of Dogwifhat‘s fundraising efforts and the subsequent surge in WIF prices by 48%, traders are eagerly anticipating the next wave of growth in the meme coin sector. Other tokens like Bonk also experienced an 18% increase, while Pepe reached fresh all-time highs with a 14% rise. Dogecoin added 8% to its value, and smaller tokens like Mog saw gains of up to 35%.

PoliFi tokens like BODEN and TREMP saw substantial increases, reflecting traders’ bets on the outcome of future presidential elections. However, the meme coin market remains volatile and susceptible to scams. Despite this, many believe that the low fees on platforms like Solana will sustain the meme coin mania for the foreseeable future.