Pepe Continues to Lead Meme Coin Gainers as Sealana Raises $3M

The meme coin market has began the week with a bang.

Main the gainers but once more is Pepe (PEPE), which hit one other all-time excessive earlier this morning.

Alongside PEPE, the brand new Sealana (SEAL) token can be performing effectively, having handed the $3 million mark in its presale part.

PEPE Surges 80% in a Week as Whale Buyers Purchase In

It’s been a exceptional run for PEPE currently because the frog-themed token continues to push increased

Earlier right now, PEPE hit a brand new file worth of $0.0000172 earlier than cooling barely to its present worth of $0.0000169.

That represents a 14% achieve over the previous 24 hours – and a jaw-dropping 80% surge within the final seven days.

The shopping for frenzy has pushed PEPE’s spot buying and selling volumes to $2.9 billion previously day.

That makes PEPE the sixth most-traded crypto on the planet – flipping heavyweights like Solana (SOL).

Its market cap has additionally ballooned to $7.1 billion, securing the 18th rank amongst all crypto property.

PEPE’s rise has confirmed immensely profitable for whale buyers.

Previously few days, one high-net-worth participant withdrew over 1.3 trillion PEPE     tokens from Binance at $0.0000137 – an $18.2 million gamble.

Because of the token’s rally, that investor is now sitting on over $22 million in unrealized beneficial properties.

Spot Ethereum ETF Approvals Immediate Meme Coin Frenzy

PEPE could be main the cost, nevertheless it’s simply the tip of the iceberg within the meme coin market.

There’s a full-blown speculative mania round these cash – with their mixed market cap topping $63 billion.

Greater than $8.5 billion in buying and selling quantity occurred previously day, representing an 8% improve from the day before today’s determine.

Except for PEPE, cash like BONK and FLOKI have been hovering, up 48% and 32%, respectively, within the final seven days.

Smaller tokens like TURBO and MOG have posted even crazier beneficial properties – with the previous up 393% in the identical time-frame.

Nonetheless, not each meme coin is exploding in worth.

SHIB has lagged the market and eked out only a 3% achieve as buyers go for extra speculative tokens.

So what’s driving this huge demand?

The important thing catalyst is the SEC’s approval of spot Ethereum ETFs final week.

After these funds have been accredited, buyers have been piling into “Ethereum beta performs,” which many see as a method to get publicity to the Ethereum ecosystem with out instantly shopping for ETH.

This pattern has led to a surge in demand for meme cash – which is why PEPE and its friends are pumping.

South Park-Impressed Meme Coin SEAL Raises $3M in Viral Presale Section

One other token that has benefited from the bullishness is Sealana.

This Solana-based mission has raised over $3 million in presale, piggybacking on the broader meme coin surge following spot ETH ETF approvals.

SEAL tokens will be bought for simply $0.022 in the course of the presale for these not but invested.

And buyers have been piling in whereas they’ll, believing this token might observe in PEPE’s footsteps.

One of many predominant causes for Sealana’s reputation is its mascot – a chubby seal character impressed by none apart from South Park’s “Gamer Man” character.

The mascot is depicted as a degenerate crypto dealer, obsessively glued to his monitor.

It’s a weird (and on-brand) selection that appears to be working.

Greater than 6,300 individuals now observe Sealana’s Twitter web page regardless of the token’s lack of utility or use case.

An extra 6,000 are energetic within the mission’s Telegram channel – spectacular for a mission that has but to launch.

This social media progress has piqued the curiosity of some high-profile names, too.

For instance, YouTuber Solely Buyers, who has greater than 200,000 subscribers, ranked SEAL as one among his greatest meme coin presales to think about investing in.

All these components have mixed to create an unlimited buzz round Sealana – and buyers are desirous to see if it could reside as much as the hype as soon as listed on DEXs.

Go to Sealana Presale

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