Seems like a new craze of meme coins has arrived as frog-themed coins skyrocket.
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Leading the meme coin craze is Pepe (CRYPTO: PEPE), the frog theme coin is up nearly 400% in the last 24 hrs. The Ethereum-based meme coin has a market cap of $139,740,444 on CoinMarketCap.
Pepe's rally is reminiscent of 2021's dog coin mania, when Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) rallied to their all-time highs.
Wojack meme coin has also been among the trending meme coins in the last few days as it is up over 100% in the last week.McPepe is also up 100% in the last seven days, riding on the wave of meme coins rally. Surging manifolds in a few days doesn't mean these meme coins are trustworthy. Most of these coins might just be another pump-and-dump scheme.
Photo by Allison Saeng on Unsplash