Meme Coin Prices Rally – Find Out Which Coin Is Set to Soar Next
Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...
Meme coin prices are surging as retail investors’ appetite for new meme coins shows no signs of slowing down. Now, is analyst Pepe Unchained the next pump?
In this article, explore the latest meme coin price trends and uncover whether $PEPU could be the most profitable meme coin investment opportunity of Q3.
A glance at the leading meme coins paints an initially bleak view of the meme coin sector.
However, this disguises emerging signs of strength – such as the $1Bn growth in the total meme coin market cap over the past 24 hours, fuelled by an inflow of almost $750M in additional volume.
Notably, much of the recent growth in the meme coin vertical has stemmed from a surprise ‘TRON narrative’ triggered after the silver-tongued Justin Sun launched a Pump.Fun clone named ‘SunPump’ this week.
In the first 24-hours following the launch of SunPump, which enables users to create so-called ‘shitcoins’ for free – without even adding liquidity, a shocking 4,844 meme coins were deployed.
Since #SunPump launched, 4,844 #MEMEcoins have been created on #TronNetwork, bringing a revenue of 1.84M $TRX($246.6K). pic.twitter.com/R8n7wZHUiy
This number has now ballooned, with TRON sector dominance rising to an impressive 7.46% of the total cryptocurrency volumes over the past 24-hours.
Yesterday saw perhaps the biggest day of this ‘Tron Narrative,’ with a shocking 6,005 new meme coins launched via SunPump, generating the network a shocking $2.7M in daily revenue.
And this morning (August 21), there has already been 2,362 meme coins launched, and it will
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