Short-sellers collectively lost $50m as leading memecoins surged in price. PEPE, WIF, and BONK all hit all-time highs over the weekend - even Doge saw price gains. Memecoins, only recently stepping into the spotlight as legitimate speculative bets, have rapidly been gaining traction as an asset class not to be overlooked by investors and speculators.
Monday, March 4, 2024Popular memecoin WIF saw a sharp price increase after influential trader GCR acquired the original Dogwifhat meme image for 1,210 ETH.