Explosive Rise of Memecoins: How PEPE, ANDY, PEW, and More Are Shaking Up the Crypto Market

Meme coins have made their mark, and it appears they are here to stay in the ever-changing world of cryptocurrency.

Meme tokens, an essential component of the crypto market, such as Pepe, Dogecoin and Shiba Inu, have solidified their positions among the top cryptos by market capitalization and contributed significantly to the widespread adoption of crypto assets among consumers worldwide.

Pepe coin, in particular, is triggering a new wave of discussion in the crypto space as it hits its all-time high this week by exceeding over $7 billion in market capitalization and rising over 80% in a week, a 1000% jump since last May.

Not only is the Pepe token triggering a lot of discussion in the crypto market, but other meme coins are doing the same thing, and we will discuss some of them in this article.

1. JENNER

Concept: JENNER is a meme token on Solana created by Caitlyn Jenner, an Olympian, Fox News contributor, Fairness First advocate, motivational speaker, New York Times best-selling author, and Trump supporter. This meme coin has captured market attention for the past few days. Caitlyn Jenner, who launched this token along with 11 other meme coins on the Solana chain, has sold 2,381 SOL, which is equivalent to $405,000. This meme coin continues to make waves in the market as the market capitalization increases daily.

• CMC/CG: https://www.coingecko.com/en/coins/caitlyn-jenner
• Contract: 4GJ3TCt5mTgQT5BRKb14AkjddpFQqKVfphxzS3t4foZ9
• Follow this link to buy a JENNER token: https://www.coinex.com/en/exchange/JENNER-USDT.
• Supported Exchange: CoinEx, Raydium, Meteora

2. ANDY

Concept: Andy isn’t just an average meme; it’s a living icon, another meme coin built on the Ethereum chain, a new Pepe-related coin that surged to a $137 million market capitalization just after a few days of being launched. The project is gaining popularity in the meme coin community, having risen to the top trending rank on DEX tools after a 49% increase in April. This meme coin follows the footsteps of Pepe token, as shown both in the contract address and in the marketplace, where Andy’s 0x68 contract address is only one step away from his friend Pepe, who starts with 0x69! Andy has risen 213% in a week and over 24,000% since CoinMarketCap data began on March 15th. Its ranking as DEXTools’ top trending token shows its spectacular rise and acceptance within the degen meme coin community.

• CMC/CG: https://www.coingecko.com/en/coins/andy-the-wisguy
• Website: https://boysclubandy.com/
• Contract: 0x68bbed6a47194eff1cf514b50ea91895597fc91e
• Follow this link to buy an ANDY token: https://www.coinex.com/en/exchange/ANDY-USDT
• Supported Exchange: CoinEx, Gate, Matcha, BingX.

3. HIGHER

Concept: The Higher token is a meme token built on the Base blockchain and launched on March 9th; the Higher token was launched in the Farcaster/higher channel for all community members. Higher is merely a motto or affirmation; it serves as a calling card for those who worked during the bear and believe we are improving. The channel /higher serves as our town square, where we meme, rally, and go higher together. Higher is another meme coin token with potential in the crypto market, as can be seen from the thousands of followers on their channels.

• CMC/CG: https://coinmarketcap.com/currencies/higher/
• Website: https://www.aimhigher.net/
• Contract: 0x0578d8A44db98B23BF096A382e016e29a5Ce0ffe
• Supported Exchange: BingX, Hibt, AscendEX (BitMax), Uniswap v3 (Base), and Uniswap v2 (Base)

4. PEW

Concept: PEW is an Ethereum meme cryptocurrency, often known as “Pepe in a Memes World”. This token is a vibrant and amusing meme initiative honoring the iconic Pepe the Frog as he navigates the whimsical and unpredictable world of internet memes. According to Odaily (a blockchain media company), the Ethereum-based Memecoin project, PEW, has experienced a massive surge in value. The coin has a 205.1% gain in a single 24-hour period. The increase in PEW’s value is a significant event in the Ethereum ecosystem, illustrating the potential volatility and growth opportunities inside the cryptocurrency market.

• CMC/CG: https://www.coingecko.com/en/coins/pepe-in-a-memes-world
• Website: https://www.pepeinamemesworld.com/
• Contract: 0x382ea807A61a418479318Efd96F1EFbC5c1F2C21
• Supported Exchange: CoinEx, XT.com, BingX, BitMart, AscendEx, MEXCGlobal, LBank, Poloniex, Gate.io, Coinstore
• Follow this link to buy a PEW token: https://www.coinex.com/en/exchange/PEW-USDT.

5. MOTHER

Concept: MOTHER is a meme token built on Solana, launched by Iggy Azalea, an Australian artist and model. Her YouTube channel alone has received over 3 billion views, with millions of followers on other social media channels like Twitter. The market capitalization of this token surged to over $28 million just a day after it launched, and it has been over $78 million three days since its launch. The increase in MOTHER’s value is a significant event in the Solana ecosystem; no wonder the token is up 278% in a single 24-hour period as of the time of writing.

• CMC/CG: https://www.coingecko.com/en/coins/mother-iggy
• Contract: 3S8qX1MsMqRbiwKg2cQyx7nis1oHMgaCuc9c4VfvVdPN
• Follow this link to buy a MOTHER token: https://www.coinex.com/en/exchange/MOTHER-USDT
• Supported Exchange: CoinEx, Raydium (CLMM), Meteora

6. HARAMBE

Concept: HARAMBE is a Solana meme token named after Harambe, an orangutan. According to Odaily (a blockchain media company), Solana’s meme coin, HARAMBE, has had a tremendous spike, surpassing a significant threshold. This reflects a 34.61% increase over 24 hours. The rise in HARAMBE’s value could be attributed to a tweet mentioning the original DOGE model, which Elon Musk mourned, another meme coin that has always triggered a wave of discussion in the crypto market.

• CMC/CG: https://www.coingecko.com/en/coins/harambe-on-solana
• Contract: Fch1oixTPri8zxBnmdCEADoJW2toyFHxqDZacQkwdvSP
• Follow this link to buy the HARAMBE token: https://www.coinex.com/en/exchange/HARAMBE-USDT
• Supported Exchange: CoinEx, Raydium, Meteora, MEXC.

Conclusion

Meme coins have clearly stirred the cryptocurrency market, and their growing significance in 2024 demonstrates their long-term attractiveness. They continue to attract interest from both experienced traders and newbies, providing a unique opportunity for high-risk, high-reward investments.

While meme coins can be unpredictable due to their speculative nature, rigorous research and effective risk management can help you confidently navigate this volatile industry. By evaluating community involvement, project development, and market sentiment, you may seize emerging possibilities and ride the wave of meme coin success.

*This article does not contain any investment advice.

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 5 million users across 200+ countries and regions. Founded with the initial intention of creating an equal and respectful cryptocurrency environment, CoinEx is dedicated to dismantling traditional finance barriers by offering easy-to-use products and services to make crypto trading accessible for everyone.