Why Meme Coins Dogwifhat, Bonk, and Pepe Are Surging Today
This meme coin rally clearly has legs. Three of the most high-profile meme tokens are absolutely rocketing higher in today's session, with Dogwifhat (CRYPTO:WIF), Bonk (CRYPTO: BONK), and Pepe (CRYPTO: PEPE) seeing gains of 20.4%, 9.1%, and 10.1%, respectively, over the past 24 hours as of 2:30 p.m. ET.
A good portion of the continued rally many of these more speculative meme tokens are seeing can be tied to an influx of capital into the crypto sector. From the top down, traders are looking to get back into this asset class, with many looking further out on the risk spectrum to try to capture as much of this momentum as possible.
However, each of these tokens is also generating buzz via its own idiosyncratic catalysts. Let's dive into what investors are watching and where all this momentum is coming from.
Source Fool.com
