Meme coin investors are piling back into the market as several major players see their prices surge.
Pepe (PEPE), Gorilla (GORILLA), and Dogecoin (DOGE) have all experienced significant price increases over the past few days as the hype around these viral cryptocurrencies returns.
With Wall Street Memes (WSM) also launching its buyback program today, the buzz suggests this meme coin may be the next to benefit from the bullish momentum sweeping the sector.
Pepe Price Surges as Investors Pile Back Into Trending Meme Coin
Pepe is trading around the $0.0000125 level at the time of writing, having briefly tapped $0.00000150 earlier in the day.
The surge to $0.00000150 marked PEPE’s highest value since July, just before the token’s price collapsed by 59% in the following months.
According to CoinMarketCap, PEPE trading volume is up 241% in the past day, hitting $384 million.
This makes PEPE the third most-traded meme coin globally, just ahead of Memecoin (MEME).
Although the token’s price has already begun to pull back, the sharp spike hints that many meme coin investors still harbor a bullish sentiment toward PEPE.
Gorilla Token Jumps 85% as Meme Coin Demand Returns
GORILLA has also been experiencing an uptick in demand, with the token’s price now hovering around the $0.011 level.
This represents an 85% rise since yesterday, making GORILLA one of the biggest gainers amongst established meme coins.
According to Etherscan, there are now over 2,800 GORILLA holders globally – a 4% rise from Sunday.
In addition, the token was listed on MEXC today, providing another boost to accessibility and liquidity.
Although the token’s price remains highly volatile, many traders are betting that GORILLA still has room to run if the current momentum continues.
Dogecoin Breaches Key Resistance at $0.087 & Sets Sights on $0.095
Dogecoin, the world’s largest meme coin by market cap, is also benefiting from the positivity rippling through the meme coin space.
DOGE is trading for $0.088 after posting a bullish close in 10 of the last 12 days.
Also, DOGE has breached the key resistance level around $0.087, which proved a challenging obstacle when it was last tapped on November 17.
The next target for DOGE bulls will likely be $0.095, which hasn’t been breached since the first week of April.
Given the coin’s current momentum and the bullish sentiment seen throughout the broader crypto market, there’s a growing belief that DOGE could be poised to finish the year strong.
Wall Street Memes Launches $100k Daily Buyback as WSM Casino Revenue Soars
It’s not just PEPE, GORILLA, and DOGE that have been attracting attention – trending meme coin Wall Street Memes (WSM) is also experiencing an uptick in investor demand.
Wall Street Memes positions itself as more than just a meme coin by operating a fully-fledged online casino featuring slots, table games, and even an original game called Bull Run Smash.
After just one month in operation, Wall Street Memes Casino has attracted over 18,100 players and generated $1.5 million in revenue.
To help boost the value of WSM, Wall Street Memes Casino has committed to buying back a minimum of $100,000 worth of WSM tokens every day for the next three days.
These buybacks come on top of the $1.7 million in tokens that the casino has already repurchased.
The bought-back tokens will be used to fund upcoming airdrop campaigns, rewards programs, and other initiatives to promote long-term growth.
Beyond the buybacks, Wall Street Memes Casino offers token holders special rewards and bonuses within its gamified loyalty program.
These elements of the Wall Street Memes ecosystem are having a positive effect, with the WSM token rising 7% in the past week.
Additionally, WSM holders can still stake their tokens to earn yields of up to 43% per year – and more than 467 million tokens have been locked up already.
With meme coin demand spiking and ambitious buyback plans now underway, traders are betting that WSM could be the next coin to explode before the end of the year.