Here’s Why Meme Coins WIF, FLOKI, BRETT, BONK, PEPE Are Pumping Hard Today
The post Here’s Why Meme Coins WIF, FLOKI, BRETT, BONK, PEPE Are Pumping Hard Today appeared on BitcoinEthereumNews.com.
WIF saw an 11% increase after a whale’s $4.5 million purchase. FLOKI’s collaboration with GraFun and the Fed’s rate cut have also contributed to broader market gains. Meme tokens BRETT, BONK, and PEPE are also surging due to market speculation. The meme coin market is rallying with tokens like WIF, BRETT, BONK, PEPE, and FLOKI showing significant price surges. Factors contributing to these gains over the past few days include positive market sentiment following the U.S. Federal Reserve’s rate cut, whale accumulation, and speculative buying. Whale Accumulation Fuels WIF Surge WIF grabbed investor attention after a whale accumulated 2.5 million tokens. This whale borrowed $4.5 million in stablecoins from a DeFi protocol to buy 2.55 million WIF tokens. Now with a total holding of 31.2 million tokens, the whale currently has a profit of over $74 million. This recent acquisition helped push WIF’s price up by 11.79% in the last 24 hours, with the token now trading at $1.88. Market analysts expect more upward momentum, with one setting a price target of $2.30, believing the whale’s activity signals further upward momentum. FLOKI Rallies on Collaboration News FLOKI is also making headlines with the announcement of a major collaboration with GraFun. The token has already risen 5.51% in the last 24 hours to currently trade at $0.000137, with investors anticipating further news. The upcoming collaboration is expected to benefit both FLOKI and TOKEN holders. Other Meme Coins Leading Market Frenzy Investor excitement is also growing around tokens like BRETT and PEPE, which are predicted to be key players in the next meme token cycle. As of the time of writing, BRETT is trading at $0.08618, marking a 9.3% increase in the last 24 hours. Similarly, PEPE has surged by 9.3%, currently trading at $0.00000847. Investors remain optimistic about PEPE’s long-term potential,…
Filed under: News - @ September 20, 2024 11:27 am