© Reuters. Dogecoin, Shiba Inu, Floki Surge, Pushing Meme Coin Market Cap To $26.5B: ‘FOMO Towards Property Like These Are Warning Flags,’ Santiment Warns
Benzinga – The mixed market capitalization for the highest 100 meme-themed cryptocurrencies on Monday skilled a surge, now standing at roughly $26.5 billion—a rise of 10% within the final 24 hours, due to Bitcoin’s (CRYPTO: BTC) rally to $56,000.
What Occurred: Knowledge from Santiment, an on-chain analytics platform stated, “Memecoins are gaining vital elevated traction and market cap progress on an in any other case flat Tuesday. Regulate trending tokens $PEPE (+63%), $FLOKI (+44%), and $WIF (+43%). #FOMO towards property like these are warning flags for #crypto markets.”
