The meme coin market is roaring back to life, with tokens like Pepe and dogwifhat leading the charge.
The OG meme coin itself, Dogecoin, has also kicked off the week on the right foot – currently trading over 5% higher than yesterday.The only real outlier has been the cat in a dogs world token, which has declined 6% amid the otherwise bullish conditions.Those kinds of lofty valuations and liquidity levels continue to highlight just how much demand there is for meme-themed cryptos.Two key factors are fueling the latest meme coin resurgence as the new week kicks off.
With on-chain infrastructure improving and high-profile influencers championing meme culture, the stage could be set for another wave of explosive gains.This new meme coin sensation is already making headlines, passing $10 million in its ongoing presale phase. This theme has clearly resonated with the meme coin crowd, yearning to embrace a sloth-like lifestyle funded by crypto riches.Even though Slothana lacks real-world utility beyond its meme-themed aesthetic, this hasn’t stopped similar meme coins from producing spectacular gains.