Memecoins hit $140B market cap: Here’s how DOGE, SHIB contributed

Memecoins at large have reached a milestone in terms of market capitalization, despite being criticized for having no utility. Coins, which are associated with hype and market trends, now boast a market cap of $140 billion.don’t come up. The world’s largest memecoin, DOGE, showcased impeccable performance last month with a whopping 126% price hike.Shiba Inu’s price action also remained bullish, as the memecoin’s price surged by over 65% last month, making it the 13th largest crypto.

n fact, it was interesting to note that while DOGE and SHIB consolidated, BONK’s price surged by 5% in the last 24 hours.

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