The meme cryptocurrency space continues to see intense speculation and volatility, with two leading meme coins – Bonk and Pepe – pumping over 10% each in the last 24 hours according to data from CoinMarketCap. Both cryptocurrencies have seen surging trading volumes alongside the rapid price rises.
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Bonk Takes Off
Bonk (BONK) has seen its price jump 10.94% over the last day to reach $0.000014, with trading volumes hitting $121.5 million. The fast-moving meme coin has extended a strong rally over recent weeks amid viral social media promotion.
Technical analysis indicators suggest investor sentiment remains positive, with Bonk’s relative strength index (RSI) at 57.34 indicating bullish momentum. However, the Know Sure Thing (KST) points to potential near-term weakness.
Pepe Pops
Pepe (PEPE) likewise gained 10.05% in the last 24 hours, with its price now sitting at $0.000001. Trading activity surged to $160.8 million worth of PEPE changing hands.
The technical outlook for Pepe is similarly mixed at current levels. Its daily RSI of 63.91 suggests the meme token is overbought after the latest push higher, while its moving averages indicate upward trajectory could continue.
Key Exchange Listing for Pepe
Importantly, Pepe also achieved a significant milestone by getting listed on the major exchange Bitstamp. The Liechtenstein-based exchange is one of the longest-running and most regulated centralized exchanges globally.
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Show more +The listings come amid WallStreetBets-fueled mania around meme assets. Speculation has reached intense levels this year, with investors piling into tokens like Bonk and Pepe based largely on online hype and momentum. The extreme volatility highlights the risky nature of betting on these digital assets.
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