Animal memecoins surge triple, quadruple digits over past month

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Memecoin traders have been locked in a battle of the species, with frog, dog, and cat-themed tokens surging triple and quadruple digits over the past month as crypto prices claw toward their all-time highs.

In the last 24 hours alone, dog-themed coins have generated over $24.2 billion in trading volume, led by Dogecoin (DOGE) and Shiba Inu (SHIB), while cat-themed coins, such as Solana-based Popcat (POPCAT), generated $63.4 million in volume within the same timeframe, per CoinGecko data.

Dog-themed memecoins have generated over $24 billion in daily trading volume. Source: CoinGecko

Some animal-themed tokens have been doing better than others, however.

The best-performing dog token of the last month has been the Solana-based memecoin dogwifhat (WIF), which has posted 620% gains from the previous month, climbing from a price of $0.22 on Feb. 4 to $1.55 at the time of publication.

Since its inception on Nov. 20, WIF has posted returns of over 100,000%, though very few traders would have realized these kinds of returns on the token.

Meanwhile, the best-performing cat coin was the Solana-based Popcat (POPCAT) which has posted gains of over 1,400% in the last 30 days, growing from a price of $0.006 on Feb. 4 to $0.10 at the time of publication.

Popcat has posted gains of more than 1,400% in the last month. Source: CoinGecko

Dogecoin also experienced a sudden surge over the last week, gaining a little over 117% in the last seven days. Similarly, Shiba Inu has posted gains of over 323% within the same timeframe.

Related: Is Dogecoin only starting its big rally after 70% weekly gains?

Outside of felines and canines, the small number of frog-themed tokens have been strong performers, with memecoin Pepe (PEPE) leading the pack.

Widely declared “dead,” after falling as far as 83% from previous all-time highs notched on May 6, 2023, Pepe began witnessing a rapid increase in price and trading volume on Feb. 25.

Pepe surpassed its previous all-time high of $0.00000372 on March 2 and has since doubled from then on. At the time of publication, Pepe is changing hands for $0.00000802, a 781% gain in the last 30 days.

On its own, Pepe has generated over $4.2 billion in trading volume in the last 24 hours.

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