PepeCoin Surges 9.8% in 24 Hours – New Meme Coin Crypto All-Stars Raises $600k in Presale, Takes Returns to the Next Level
One week into its presale, Crypto All-Stars ($STARS) has already raised over $600,000.
The project is the first in the industry to introduce multiple meme coin staking, regardless of the blockchain, on a single staking protocol.
With the meme coin sector still largely in a deep sea of red (save for a few tokens), Crypto All-Stars is rapidly being recognized as a smart investment move for generating returns amid current market conditions.
As a result, early contributors are swiftly snapping up the 8.4 billion $STARS tokens allocated for the presale. Approximately 293 million tokens have already been staked, representing about 60% of those purchased, which equates to nearly half a billion $STARS sold.
The price of $STARS has increased three times since last week due to successfully progressing past its presale stages. It is now set to rise again from $0.0013966 to $0.0014022 in less than 48 hours.
Since late July, the weighted market cap of meme coins tracked by DefiLlama has remained below 0%, indicating that the sector’s leading tokens have been largely inactive over the past 30 days.
Moreover, DefiLlama’s token category tracking also shows that meme coins rank seventh in losses, with a 24% decline.
In the past 24 hours, only 12 of the top 100 meme coins have appreciated in value, yet the overall market still managed to gain 3%.
The standout performer is Sundog ($SUNDOG), which has surged by 49%. Additionally, the OG Pepe meme coin Pepecoin ($PEPECOIN) saw a 9.8% increase during the same period.
While meme coins have been struggling recently, Crypto All-Stars aims to revitalize the sector.
In fact, the returns from $PEPECOIN in this short span could potentially be surpassed by the current staking rewards offered by Crypto
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