Crypto
Meme Coins Heat Up as Crypto Market Awaits Next Move
The meme coin market is heating up again, leading some to wonder if a new crypto bull market is emerging.
The latest launchpad, Pons, brought in $142.9 million in fees over the past 30 days through Sept. 22, while its competitor Pump.fun earned $145.1 million in August.
Newcomer StonkFun launched in early August and has already accumulated $19.8 million in fees since its inception.
Historically, meme coin rallies tend to occur towards the end of crypto bull markets, with classic examples being Dogecoin's 17% climb in the week ending Sept. 24.