In the realm of cryptocurrency trading, memecoin enthusiasts have found themselves embroiled in an amusing battle of the species, as tokens with frog, dog, and cat themes have experienced staggering surges in value over the past month, inching closer to their all-time highs. In the span of just 24 hours, dog-themed coins alone have amassed a jaw-dropping $24.2 billion in trading volume. The leading contenders in this category are Dogecoin (DOGE) and Shiba Inu (SHIB). On the other hand, cat-themed coins, such as the Solana-based Popcat (POPCAT), have also made their mark, generating a respectable $63.4 million in trading volume within the same timeframe, according to data from CoinGecko.
However, it is worth noting that not all animal-themed tokens have fared equally well in this fierce competition. Among the dog tokens, the top performer of the last month has been the Solana-based memecoin dogwifhat (WIF). This particular token has seen an impressive 620% increase in value, soaring from $0.22 on February 4th to $1.55 at the time of writing. Since its inception on November 20th, WIF has garnered astounding returns of over 100,000%. However, it must be acknowledged that only a select few traders would have been fortunate enough to capitalize on such remarkable gains.
On the feline side of things, the standout performer has been the Solana-based Popcat (POPCAT). Over the course of the last 30 days, this cat coin has experienced a remarkable surge, boasting gains of over 1,400%. Starting at a modest price of $0.006 on February 4th, its value has climbed to $0.10 as of now, a substantial increase indeed.
Not to be left behind, Dogecoin has also made waves with a sudden surge in value over the past week, witnessing a growth of just over 117% within this short period. Similarly, Shiba Inu has notched up gains of over 323% within the same timeframe.
Moving beyond the realms of cats and dogs, the limited number of frog-themed tokens have also managed to make their presence felt, with the memecoin Pepe (PEPE) leading the pack. Despite being declared dead after plummeting by as much as 83% from its previous all-time high on May 6th, 2023, Pepe experienced an unexpected resurgence in both price and trading volume on February 25th. Surpassing its previous all-time high of $0.00000372 on March 2nd, it has since doubled in value. As of now, Pepe is being traded at $0.00000802, representing an impressive gain of 781% over the past 30 days. In the last 24 hours alone, Pepe has generated a staggering $4.2 billion in trading volume.
In conclusion, the world of memecoin trading is ablaze with fervor as various animal-themed tokens battle it out for supremacy. While dog, cat, and even frog tokens have enjoyed significant gains, the ultimate victors in this crypto menagerie are yet to be determined.