“Memecoin Soars, PEPE Triples in a Month, Andrew Kang Stresses DOGE’s Continued Underestimation”
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Meme coins surge, PEPE rises 250% in a month
Andrew Kang: Dogecoin hasn’t even risen yet
According to CoinMarketCap, several meme coins have seen significant increases in the past 24 hours:
BONK: 63.88%
DOGE: 37.6%
SHIB: 26.97%
PEPE: 18.65%
WIF: 27.84%
FLOKI: 16.67%
The meme coin $WEN, previously launched by Jupiter (JUP) founder, also saw a 58.3% increase.
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With the imminent release of Jupiter (JUP) tokens, a new meme coin $WEN has been announced for airdrop, with users receiving 643,652 coins.
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Meanwhile, PEPE, which was introduced last year, has seen a 250% increase in just one month.
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True or false? The official PEPE account claims that former team members sold PEPE and left behind a multi-signature wallet for me.
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Meme coin 24-hour and 7-day price increases
Andrew Kang, co-founder of venture capital firm Mechanism, emphasized the bullish outlook for Dogecoin on February 29.
He pointed out that DOGE is the only major cryptocurrency that has not seen a boost since 2022, which is truly bewildering.
DOGE has only doubled from its bottom, while BTC is on the verge of breaking its all-time high, and the return of retail investors has caused the Coinbase app to crash. It feels like the price has been underestimated. If DOGE is like the BTC of meme coins, I really wonder if we will see a change in meme coin market share as meme liquidity flows towards the meme king (DOGE).
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Does the meme frenzy signal a market peak? Andrew Kang sells all ARB, switches to short Bitcoin and ETH.
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Andrew Kang previously announced and explained why Mechanism would invest in meme coins such as Trump. On the 29th, he reiterated that now is a good time to invest in meme coin projects like Trump, Dogecoin, and Pepe.
Andrew Kang
BTC
DOGE
Mechanism
PEPE
Dogecoin
Further reading
Bitcoin profits in El Salvador exceed 40%, President Nayib Bukele: Where are the critics now?
Bitcoin hits 64K, Ethereum challenges 3500, long or short, liquidation is hard to avoid.
