On the eve of World Frog Day on March 20th, meme coins PEPE and WIF hit historic highs.
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PEPE Meme Coin Hits Historic High
The animal meme coin PEPE surged by 22% on the 14th, pushing the price from 0.0000084 to 0.00001 USD, successfully removing one zero and surpassing the previous all-time high on March 9th.
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Various Animal Holidays Boosting Meme Coin Momentum?
Venture capital firm Mechanism's co-founder Andrew Kang has been hyping meme coins for the past few months, and he also mentioned that World Frog Day is approaching on Twitter.
Related animal holidays include:
3/16: International Panda Day
3/20: World Frog Day
4/14: National Dolphin Day
5/20: World Bee Day
5/23: World Turtle Day
6/21: World Giraffe Day
7/14: Shark Awareness Day
8/26: International Dog Day
World Frog Day is an annual celebration celebrated on March 20. Unlike other animals, not all of us love frogs for their looks, appearance, and most importantly, their croak. Most often they are tiny creatures, small in body, and will make us scrunch up our faces.
— Andrew Kang (@Rewkang) March 14, 2024
WIF Also Hits All-Time High
The meme coin dogwifhat WIF based on Solana also saw a nearly 20% increase on the 14th, rising from 2.4 USD to 2.9 USD, also hitting an all-time high.
According to information retweeted by the dogwifhat official account, the community-led "sphere wif hat" project has surpassed its initial fundraising goal of 650,000 USD and has now raised approximately 701,500 USD.
The fundraising campaign is not yet over, and the funds raised will be used to advertise dogwifhat WIF on the exterior of the famous landmark and largest ball structure in Las Vegas, "Sphere."
BREAKING: CAMPAIGN TO PUT @solana MEMECOIN $WIF (@dogwifcoin) ON THE VEGAS SPHERE HAS RAISED ITS TARGET TOTAL AMOUNT pic.twitter.com/HMKwxMbyaj
— DEGEN NEWS 🗞️ (@DegenerateNews) March 13, 2024
In late January, BitMEX co-founder Arthur Hayes stated that he would not exit his positions in WIF and Bonk until WIF reaches 10 USD.
The hat stays on while I count to $10.
LFG fam are you $WIF me? pic.twitter.com/HhaCAygObV
— Arthur Hayes (@CryptoHayes) March 14, 2024