Meme coins like Pepe, BONK, Floki Inu, and Shiba Inu have experienced significant losses today, with drops ranging from 5% to 8%. Pepe and BONK are currently priced at $0.00001417 and $0.000032, respectively. Meanwhile, Floki Inu and Shiba Inu have seen their prices decrease to $0.0002635 and $0.00002383, respectively, over the past day. Dogwifhat (WIF), another meme coin, has also faced a 5% decline.
However, Floki Inu received some support from DWF Labs, which announced a $12 million token purchase to bolster the project’s ecosystem ahead of the release of its “Valhalla” metaverse game, trading bots, and domain name service.
Despite the overall downturn in the meme coin category, Brett (BRETT), trading on Coinbase Ethereum Layer 2 Base, has surged by 24% in the past day. Its market capitalization has exceeded $1.2 billion, making it the first meme coin on Base to achieve this milestone. Brett, inspired by Matt Furie’s Boy’s Club comic, is often referred to as “Pepe’s best friend on Base.”
It has been reaching new all-time highs since May and is currently trading at $0.1196, with a trading volume of $96 million in the past day. Gate.io and Bybit are among the centralized exchanges with significant trading volume for BRETT.
June 2024, Cryptoniteuae
