You ever see a pack of wild dogs fighting over a steak? That’s what the memecoin market looked like this week.
Outta nowhere, boom, the whole sector wakes up from a months-long nap and starts running like it’s late for dinner.
We’re talkin’ a market cap explosion, up 16% in just 24 hours, now brushing up against $58 billion.
Crazy gains here and there
TURBO? Up 70%. That’s not a typo. The thing shot up to $0.00426, a number nobody’s seen since February.
PENGU waddled in with a 41% jump, WIF barked up 28%, and BONK, well, it bonked its way up 25%.
Even FLOKI, the Viking dog, found its way to a 17% gain. Feels like every memecoin in the top 20 just remembered how to party.
Now, you know these coins—they’re not exactly what you’d call “stable.” They move faster than my Aunt Maria at a Black Friday sale.
But this time, it’s not just random hype. The whole crypto market’s on a sugar high.
Bitcoin’s back over $94,000, and the digital asset sector just reclaimed that magical $3 trillion mark. When the big dogs run, the puppies follow.
Old dog?
But what about the old guard? Dogecoin, the OG, the one that started it all, it’s up, sure, but only about 10.5% for the day, trading around $0.18.
Not bad, but compared to these new kids, it’s like watching a retired boxer try to keep up with the young bloods.
Still, some analysts are saying if DOGE can turn $0.17 into real support, maybe it avoids a nasty fall.
One guy on X is dreaming of $0.40 soon, and another’s got his sights set on a whole dollar. Ambitious? Maybe. But hey, crazier things have happened in crypto.
$Doge #Doge Recovery Quickly After Breakout, 15%+ Profit So Far, Expecting More In Coming Days. https://t.co/X4OiFBBfUl pic.twitter.com/0Y1ao1Y1ac
— World Of Charts (@WorldOfCharts1) April 23, 2025
Speculation
Shiba Inu, the so-called Dogecoin killer, is also wagging its tail, hitting $0.00001387, the highest since March.
You gotta respect the hustle. But let’s be real, these coins, they’re like fireworks, pretty to look at, but don’t stand too close.
The memecoin sector just got a shot of adrenaline, and everyone’s acting like it’s 2021 all over again. If only.
But if you’re thinking of jumping in, remember, this market turns on a dime, and nobody likes being the last guy holding the bag. For now, the memecoin party’s literally raging. Just don’t forget where the exits are.
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