Memecoins are booming once again as PEPE and AIDOGE climbed more than 700% and 500%, respectively, according to data on the Gate.io crypto exchange. Following in the footsteps of the original meme-based cryptocurrencies like Dogecoin, new memecoins like PEPE and AIDOGE often appear on the charts, seemingly out of nowhere, by leveraging the viral nature of internet culture.
In just a short time since its mid-April launch, the Pepe token (PEPE) has managed to exceed a whopping $900M market cap, with 24-hour volume recently peaking at over $500M. Meanwhile, ArbDoge AI (AIDOGE), another rising meme token, has also managed significant gains, with a market cap reaching $145M within just days of launch.
With the news of a possible memecoin revival, traders flocked to the few exchanges that actually listed these tokens before their recent rise. Two notable exchanges to have both tokens are Gate.io and OKX, with the majority of the trading volume on PEPE and AIDOGE from mainstream exchanges existing between the two.
Both of these tokens show that crypto’s memecoin phenomenon is alive despite the crypto market still being far from its most recent all-time highs. Of course, it’s no surprise that meme-based tokens have risen again, considering veteran memecoins like DOGE managed similar parabolic spikes in the past, which kicked off a wave of other memecoins.
Where to find tokens like PEPE and AIDOGE
Despite the popularity and virality of dog, cat, and other meme-based cryptocurrencies, they are sometimes not listed on exchanges throughout the crypto market. However, the Gate.io crypto exchange is well-known for listing tokens that could become the next DOGE or SHIB. Typically, when the global crypto community shows enough support and interest in specific coins, Gate.io is frequently the first exchange to list them.
Currently, Gate.io has over 1,400 different cryptocurrencies listed and available for trading. These cryptocurrencies include everything from the mainstreams like BTC and ETH to popular altcoins and other rising categories such as artificial intelligence, Web3, and more. Gate.io is one of the few mainstream exchanges consistently listing small up-and-coming projects and tokens.
Don’t miss the next PEPE or AIDOGE
On top of Gate.io having one of the most diverse selections of cryptocurrencies, it is also known as one of the hubs for initial and non-initial exchange launches and listings. Gate.io Statup is its in-house token launchpad, which has listed and launched hundreds of tokens and projects, with a peak cumulative return on investment of 1,300%, according to CryptoRank data. That said, Gate.io may be the best place to find rising tokens and get in early on the next viral coin, with ample opportunity to find new listings and low-key gems waiting to blow up.