In the last 24 hours, amid painful collapse on cryptocurrency markets, Bonk (BONK), one of the biggest multi-chain meme coins, managed to gain more than 7.5%
The price of major meme coins looks surprisingly good despite the cryptocurrency market crashing on Monday. Out of the three best performing cryptos in the top 100, two assets belong to the meme cryptocurrencies category.
The biggest meme coin, Bonk (BONK), is up by 7.5%, while the second meme coin, Dogwifhat (WIF), gained 3.2%.
The capitalization of Dogwifhat (WIF) is now fully back in the top 50, as the asset recently dropped out of the 40 besar crypto league.
The price of Dogwifhat (WIF) surged by 300% in February. However, the meme coin is still down by 90% from its all-time high.
The price of Bonk (BONK) also recovered after a 95% decline from its peak. However, the meme coin is still up by 2,100% since its launch in December.
The price of Dogwifhat (WIF) is surging today despite the fact that the meme coin is now available for trading on Binance.
Binance announced earlier today that it will be listing Dogwifhat (WIF) in the Innovation Zone and opening trading pairs for WIF/USDT and WIF/BUSD.
However, Binance noted that Dogwifhat (WIF) is a highly volatile token and that users should trade the asset at their own risk.
Binance also announced that it will be launching perpetual futures contracts for Dogwifhat (WIF) next Monday, March 20.
The price of Dogwifhat (WIF) started to surge in early February after the meme coin was listed on major centralized cryptocurrency exchanges, including OKX and Bybit.
The cryptocurrency is now available for trading on most major centralized exchanges, except for Coinbase and FTX.
The price of Dogwifhat (WIF) is also surging thanks to the meme coin community on Solana (SOL).
Solana (SOL) users created Dogwifhat (WIF) in early December as a parody of another popular meme coin, Catwifhat (CTH).
The community of Solana (SOL) users decided to create their own version of Catwifhat (CTH) after the meme coin surged by 100,000% in two weeks.
The price of Catwifhat (CTH) surged after the meme coin was listed on Binance. However, the price of Catwifhat (CTH) later crashed by 99%.
The cryptocurrency is now down by over 99% from its all-time high, which was reached in mid-February.
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