Meme tokens continue to dominate the market, with $DOGE leading the way. In the past week, $DOGE reached an impressive trading volume of $34.2 billion, according to Phoenix data. This substantial volume highlights the token’s ongoing popularity and dominance in the meme coin space. Phoenix, a crypto analytical platform, shared the weekly report of top memecoins through its official social media account, X.
TOP #MEME TOKENS BY WEEKLY TRADING VOLUME$DOGE $PEPE $SHIB $WIF $NEIRO #MOODENG $NOT $POPCAT $DOGS $GOAT $X $BOME $PEOPLE $BONK $TURBO pic.twitter.com/4XhE70p0V9
— PHOENIX – Crypto News & Analytics (@pnxgrp) November 10, 2024
$PEPE Joins $DOGE at the Top with $12.4B Weekly Trading Volume
Besides $DOGE, $PEPE has also had higher trading activity with a weekly volume of $12.4 billion. The token has now found its place in the market and is among the most trending meme tokens in the market. At the same time, $SHIB remains in a stable third place with a weekly trading turnover of $5.5 billion and remains one of the most recognizable meme coins.
Other famous tokens are $WIF and $NEIRO with the volume of trading volume $2.9 billion and $2.7 billion respectively. These tokens have been steadily receiving attention and are slowly building a place for themselves in the meme coin niche $MOODENG with $1.7 billion in volume and $NOT at $1.5 billion also made it to the top performers for the week.
There are also other tokens such as $POPCAT, $DOGS, and $GOAT that are also experiencing high trading volume; $POPCAT was at $1.4 billion, while $DOGS recorded $1.3 billion. At the same time, $GOAT was traded $1.2 billion. This growing demand for memecoins highlights the growing interest of crypto community in memecoins.
Memecoin Market Sees $X, $BOME, $PEOPLE, and $BONK Increasing in Volumes
Other relatively less significant meme tokens include $X with $1.1 billion, $BOME with $1.0 billion and $PEOPLE with $974 million, $BONK with $861 million, and $TURBO with $806 million, this shows that the market is full of meme tokens with so much potential.
These numbers, presented by Phoenix, indicate that meme tokens, despite occasional declines, are still actively developing and remain highly popular in terms of trading activity in the market for various assets.
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