Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
The Dogwifhat community raised $650,000 to display a meme on the Las Vegas Sphere, leading to a 48% surge in WIF prices. Other meme coins like Pepe, Dogecoin, and Mog also saw significant gains.
Investment managers say the meme coin mania is likely to last longer due to low fees on platforms like Solana. WIF prices rocketed 48% in the past 24 hours, data shows, the most among counterparts. Bonk jumped 18% following a Franklin Templeton report that mentioned the tokens Pepe rose 14% to reach fresh lifetime highs, dogecoinPoliFi tokens such as BODEN and TREMP, misspelled versions of Joe Biden and Donald Trump, jumped as much as 300%. BODEN’s run came as an automatically generated Coinbase article about buying the token went viral on X.
Meanwhile, some investment managers pointed out the meme coin mania was likely to keep going as users were able to gamble small amounts of capital for cheap – in hopes of a substantially large profit.
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