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Meme coins surge, PEPE triples in a month, Andrew Kang emphasizes DOGE is still undervalued.

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Meme coins surge, PEPE triples in a month, Andrew Kang emphasizes DOGE is still undervalued.

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Meme Coins Soar, PEPE Surges 250% in a Month

According to the CoinMarketCap meme section, several meme coins projects 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 launched by Jupiter JUP's founder has also surged by 58.3%.

JupiterJUP token issuance is imminent, announcing another airdrop of new meme coin $WEN, where users can receive 643,652 tokens.

The PEPE coin, which debuted last year, has surged by 250% in just one month.

Truth or Lie? PEPE's official account claims: Former team members dumped PEPE and left behind a multisig wallet for me.

Meme Coins 24H, 7D Growth Rates

Andrew Kang: Dogecoin Hasn't Even Begun to Rise

Andrew Kang, co-founder of venture capital firm Mechanism, wrote a piece on February 29th emphasizing the bullish view on Dogecoin.

He pointed out that DOGE is the only large-cap cryptocurrency that has not seen a boost since 2022, which is quite surprising.

DOGE has only doubled from the 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, making it feel like the price is undervalued. If DOGE is like the BTC of meme coins, I really want to know if we will see changes in the meme coin market share as meme liquidity flows towards the meme coin king, DOGE.

Is Meme Mania Indicative of a Market Top? Andrew Kang Sells All ARB, Shifts to Short Bitcoin and ETH

Andrew Kang previously announced in early February why Mechanism would invest in meme coins like Trump, and on the 29th, he reiterated that now is a good time to invest in meme projects like Trump, Doge, and Pepe.