Bitcoin Market Recap
Shiba Inu, Pepe, and Dogwifhat were among the top weekly market gainers as the meme coin market cap surged by 25% to over $55 billion. Leading the pack, Shiba Inu (SHIB) saw a 39% increase, reaching $0.00001968 and breaking key resistance levels. The market cap of Shiba Inu rose to $11.63 billion during the week.
Ethereum-Based Meme Coin Performance
Following Shiba Inu, Pepe (PEPE) on the Ethereum network experienced a 36.5% rise, trading at $0.00001112. Pepe’s market cap reached $4.67 billion, showing significant growth similar to that seen at the beginning of August. Dogwifhat (WIF) on Solana also achieved a 35.4% gain, surpassing the $2 billion market cap mark with a trading price of $2.30.
Dogecoin Joining the Meme Coin Rally
Even Dogecoin (DOGE), with a market cap of $18 billion, participated in the market rally with a 16% increase over the past week. The social sentiment around these meme tokens remained bullish, as indicated on CoinMarketCap.
