It’s been an eventful period in the meme coin sector, with several presales reaching significant milestones while established coins hit price roadblocks.
The Sonik Coin presale now raised over $250,000 as momentum builds ahead of the token’s launch, while $PEPE’s price has stabilized following a surprise increase.
Meanwhile, trending Wall Street Memes is now nearing the end of its 30-stage presale – generating over $26 million in the process.
1. Sonik Coin Presale Reaches $250,000 Milestone in Less Than One Week
The presale for the new meme token Sonik Coin ($SONIK) has crossed the $250,000 mark in less than seven days since launch.
Propelled by strong early momentum, Sonik Coin’s presale has captivated the attention of investors, offering $SONIK tokens at a low price of $0.000014.
Drawing inspiration from the iconic video game character, the Sonic-themed token has resonated with a nostalgic audience while integrating a high-yield staking protocol.
As outlined in Sonik Coin’s whitepaper, investors can lock up their tokens to earn regular payouts, with 40% of the total token supply set aside for staking rewards.
Furthermore, the coin’s unique branding has helped generate further momentum on social media channels, with Sonik Coin’s Telegram community experiencing robust growth in recent days.
With the hard cap of $2 million now in sight, many are eager to see if $SONIK can maintain this pace and become a significant player in the meme coin space.
2. $PEPE Price Consolidates After Recent Surprise Surge
Pepe coin’s price experienced a surprise surge over the weekend as buyers flooded the market.
$PEPE climbed 18% between Thursday’s low and Saturday’s high, briefly breaching the 20-day Exponential Moving Average (EMA) on the 4-hour price chart.
However, the price has retraced slightly since then, finding a consolidation range just below the 20-day EMA.
This consolidation hints at traders taking profits after $PEPE’s rise, as well as hesitation among buyers.
The Relative Strength Indicator (RSI) also sits around 42, suggesting there may be room for further downside.
Zooming out, many analysts speculate that $PEPE’s price pattern resembles a large bear flag, reinforcing the bearish outlook.
Due to these technical factors, all eyes will be on $PEPE this week to see which direction the meme coin star goes.
3. Wall Street Memes Presale Enters Final Stage After Raising $26 Million
The presale for meme coin Wall Street Memes ($WSM) has entered its final stage after raising $26 million.
Now in Stage 30, $WSM tokens are available for $0.0337, with investors having a narrow window to purchase before the token’s exchange listing.
According to Wall Street Memes’ website, $WSM will be launched on “multiple” Tier-1 exchanges in September – making the token more accessible.
Many in the Wall Street Memes Telegram community believe that these listings could spark a price rally, given the coin’s early presale success.
Moreover, this belief is fuelled further by the fact that $WSM has now been endorsed by several influential names in the crypto space, including Michael Wrubel, who has over 310,000 YouTube subscribers.
With the project’s momentum showing no signs of slowing, Wall Street Memes remains firmly in the spotlight as its public listing approaches.
Visit Wall Street Memes Presale
4. $BITCOIN Price Continues Climbing
It’s been an excellent week for $BITCOIN (AKA HarryPotterObamaSonic10Inu (ERC-20)) investors, with the token’s price jumping by over 31%.
According to CoinMarketCap, $BITCOIN trading volume has soared 54% in the past 24 hours, giving the token a market cap of $167 million.
Data from Etherscan.io reveals that there are now over 10,600 $BITCOIN holders – with this figure increasing daily.
Despite its unusual name, which blends several popular internet references, the token’s market performance has pleasantly surprised early investors.
Many believe that $BITCOIN’s tongue-in-cheek branding is part of its charm, leading to heightened buying volume.
Now that $BITCOIN is available on leading CEXs like LBank, Bitget, and CoinEx, its accessibility to investors has increased markedly, further boosting trading volumes and liquidity.
5. Meme Coin Market Trading Volume Dips Over 9%
Finally, data from CoinMarketCap shows that overall trading volume in the meme coin market has dipped by just over 9% in the past 24 hours.
The meme coin market now has a market cap of $15.4 billion, still dominated by Dogecoin, Shiba Inu, and Pepe.
This decrease in trading volume suggests a potential cooling-off period or a shift in investor sentiment toward meme coins.
Several reasons have been put forward for the volume dip, including profit-taking from investors and broader market uncertainties following last week’s bearish wave.
Time will tell whether this retracement is only temporary or a more severe sign, but for now, meme coin investors are watching the market closely and proceeding with caution.
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