Memecoins
Frog Meme Coin Surges 81% as Bitcoin Pulls Back
Key points to remember
- Frog-themed meme coins rose 7.3% on average while Bitcoin fell 4.2%.
- Pepe (TRUMP) led the rise with a daily gain of 80.9% despite weekly losses.
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Frog-themed cryptocurrencies have led the cryptocurrency sector with the most significant growth over the past 24 hours, surging by 7.3% on average. While Bitcoin (BTC) is down 4.2%, Binance Smart Chain-based Pepe (TRUMP) is up 80.9% on the daily timeframe.
Despite the surge in the last 24 hours, TRUMP is still down nearly 100% on the week. The Skull of Pepe (SKOP) token is in a similar position, having surged 32.3% on the day, but is still down 10.4% on the weekly timeframe.
Purple Pepe (PURPE) is also among the frog-themed meme coins with a negative weekly performance despite a daily jump. PURPE rose 20.5% between July 29 and July 30, but it is still down 17.3% on the week.
On the other hand, Marv (MARV) managed to grow by 23.8% during the market correction, adding to its 64% positive move over the past week. However, its daily trading volume stands at just over $62,000, which shows how meme coin prices can fluctuate wildly with relatively low trading activity.
Moreover, the same can be observed with the token deployed on the Young Peezy AKA Pepe (PEEZY) base and its daily growth of 15.5%, despite a trading volume below $23,000.
Pink Hood Froglicker (FROGLIC) closes out the pack of frog-themed meme coins by jumping double digits over the past 24 hours, with a 13% gain contrasting with its negative weekly performance of 50.1%.
It is worth noting that PeiPei (PEIPEI) saw the smallest gains among the top 10 frog-themed meme coins, even though it saw the highest daily trading volume, approaching $12 million. At the time of writing, PEIPEI is up 0.9%, despite rising 5.7% in just one hour.
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