Memecoins
Meme Coins Brett, Bonk and Pepe are the top gainers amid the market calm
Meme coins are performing well amid a period of broader market calm Basic chain token Brett leading the pack.
While industry leaders Bitcoin and Ethereum have remained largely unfazed over the past 24 hours, Brett (BRETT) jumped 7%, Pepper (PEPE) jumped 6%, and Good (BONK) rose 4%. This places them all in the top six gainers among the top 100 tokens by market capitalization with Brett in first place.
The token on Coinbase Ethereum layer 2 network it also topped last week’s earnings chart, up 51%. To put this into perspective, the second largest gainer in the same period was Injective (INJ) with only 10%. While both Bitcoin and Ethereum have slipped by 4% and 6.5% respectively in the last 7 days.
During this successful week for Brett, more “Blue chip” meme coins. they also struggled to perform. Main meme coin, Dogemoneta (DOGE), fell 13% to $0.1405. Shiba Inu (SHIB) fell 14.5%, Dogwifhat (WIF) fell 23% and Floki (FLOKI) fell 27%.
At the time of writing, Brett is trading at $0.1673 and has attracted nearly $130 million in trading volume over the past 24 hours.
Brett is a meme coin inspired by Matt Furie’s comic book series Boys Club– the same comic that spawned Pepe the frog. Brett is Pepe the Frog’s “best friend”, according to meme coin official sitehe is also a “dancer and loves video games”.
Last week Brett passed a Market capitalization of $1 billion. This came after the token surged 24% in one day. Now, the token has a market capitalization of $1.7 billion and is the 67th largest crypto token on CoinGecko. And now it threatens to upend its Solana competitor, BONK, which is ahead by just $200 million.
Meanwhile, the meme coin dedicated to Brett’s most popular friend, PEPE, has a market capitalization of $5.6 billion, making it the 23rd largest crypto token and the third largest meme coin.
By Stacy Elliott.