The sensational rise of Wall Street Bets-themed meme coins has taken the crypto-market by storm. In the past week, some of these coins have seen their price pumps break the 56% barrier and their trading volume has even beaten out the top performing meme coins, including such favorites as Pepe and Shiba Inu.
The main Wall Street Bets coin, WSB, has seen its own price appreciation of more than 65%. Others such as DMF, WLEO, and SMC have enjoyed similar price rises of around 40-50%; and others such as UNI and HEX have also been getting some attention.
These coins have been seeing a substantial increase in trading volume too, with some of the coins seeing an increase of more than 4 times their previous 24 hour volume. While still relatively low compared to other crypto-coins, it demonstrates the growth in interest in the meme coin space.
While some claim that these meme coins are a passing fad, the sheer enthusiasm behind them has been impressive. With their mainstream popularity now growing, the meme coin sector appears to have come into its own and is ready to challenge the established players in the crypto-space.