The meme coin market is heating up again, with Shiba Inu (SHIB) seeing a 20% price jump since yesterday.
Not to be outdone, the Boy’s Club-inspired duo, Brett (BRETT) and Pepe (PEPE), aren’t far behind – racking up some impressive gains of their own.
Meme Coin Powerhouse Shiba Inu Rallies Once More
SHIB is on a tear right now.
It has surged in the past 24 hours, now sitting at $0.0000191.
The token has also seen $1.3 billion in spot trading volume – making it the second most-traded meme coin behind Dogecoin (DOGE).
But it’s not just SHIB’s price and volumes that are grabbing attention.
Open interest in the token has rocketed by 78%, reaching $29.5 million.
So, what’s driving all this hype?
One possible factor is the 33,000%+ daily increase in SHIB’s burn rate, with nearly 2 billion tokens sent to a null address.
The goal behind this burn system is to reduce SHIB’s circulating supply.
And the developers take this system seriously – over 410 trillion SHIB have already been burned.
That means there’s just over 583 trillion left in circulation.
On top of that, Shiba Inu’s Layer-2 scaling solution, Shibarium, is still performing well.
It recently passed the 7 million block milestone and has processed 418 million total transactions.
BRETT & PEPE Benefit from the Meme Coin Market Bullishness
But Shiba Inu isn’t the only meme coin rallying today.
Brett and Pepe are also making impressive gains.
BRETT is up 15% in the past 24 hours, currently trading at $0.103.
And it’s not just the token’s price that’s climbing – BRETT’s spot volume has increased just 86% since yesterday.
Meanwhile, PEPE is giving Shiba Inu a run for its money, with an 18% surge pushing its price to $0.0000102.
This spike has pushed PEPE’s market cap to $4.3 billion.
Plus, with $1.2 billion in spot trading volume, it’s clear traders are flocking back to this playful frog coin.
So, why all the bullishness?
It seems speculative energy is back, and it’s brought traders with it.
The meme coin market has grown by $10 billion in just the last week, and with the traditionally bullish “Uptober” about to begin, we might be in for even more excitement.
However, as we know, meme coins can just as quickly come back down.
But for now, SHIB, BRETT, and PEPE are enjoying some impressive gains going into the weekend.
Is Pepe Unchained the Next Meme Coin to Rally After Raising $15.5M?
Another frog-themed meme project is looking to join the bullishness: Pepe Unchained (PEPU).
This Layer-2 meme coin has been making a name for itself in recent months, thanks to its impressive $15.5 million presale.
Pepe Unchained is building its own blockchain, promising faster and cheaper transactions.
Its main aim is to offer meme coin lovers a better trading experience.
According to Pepe Unchained’s whitepaper, the “Pepe Chain” will be 100 times faster than Ethereum.
And with the meme coin frenzy back in full swing, this new cryptocurrency could be about to benefit from all the hype.
Pepe Unchained now has a huge community on Twitter and Telegram.
The project has also been featured on many top crypto-ranking sites, including CoinSniper and ICOBench.
Influencers like Austin Hilton have even discussed PEPU.
All of these factors suggest that Pepe Unchained is positioned for success when it launches after the presale ends.
Right now, investors can still snag PEPU tokens for $0.00986 in presale.
That price will rise again in one day when the next stage starts.
So, while established coins like SHIB, BRETT, and PEPE are hot topics, Pepe Unchained might just be about to join them.
Visit Pepe Unchained Presale
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