Dogecoin, Shiba Inu, Floki Surge, Pushing Meme Coin Market Cap To $26.5B: ‘FOMO Toward Assets Like These Are Caution Flags,’ Santiment Warns
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Benzinga
Benzinga
The combined market capitalization for the top 100 meme-themed cryptocurrencies on Monday experienced a surge, now standing at approximately $26.5 billion—an increase of 10% in the last 24 hours, thanks to Bitcoin’s (CRYPTO: BTC) rally to $56,000. What Happened: Data from Santiment, an on-chain analytics platform said, “Memecoins are gaining significant increased traction and market cap growth on an otherwise flat Tuesday. Keep an eye on trending tokens $PEPE (+63%), $FLOKI (+44%), and $WIF (+43%). #FOMO toward assets like these are caution flags for #crypto markets.†Frog-themed meme coin Pep…