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Cryptocurrency News Articles
Meme Coin Season Returns as PNUT and GOAT Rally, New Presales STARS & FLOCK Could Be Next to Explode
Dec 13, 2024 at 04:30 am
It looks like meme coin season is back. Coins like PNUT and GOAT are rallying right now, both jumping over 17% in the last 24 hours as traders rush
Hot on the heels of meme coin PNUT’s recent price surge, another meme coin, GOAT, has seen a significant rally with a massive price increase.
Following OKX’s addition of GOAT to its spot trading platform on Friday, the meme coin soared by over 30% on Thursday.
This move came after another top crypto exchange, Kraken, listed GOAT on Wednesday.
The meme coin began rallying on Thursday with a price increase of 12% after OKX’s announcement.
GOAT, which is now ranked 141st by market cap, soared to $0.77 after bouncing off Tuesday’s support level of $0.50.
As the meme coin approached last Friday’s high, trading activity picked up in a big way.
Spot volumes surged by 27% to hit $512 million, while open interest also climbed to reach $195 million.
According to Gold_Cryptoz, a crypto trader, a Binance listing now seems “inevitable.”
As a result, traders are keeping a close eye on GOAT, which is already up by over 30% this week.
This price action could continue if more exchanges decide to join the rally.PNUT Surges on Coinbase Rumors, Surpassing SHIB in Trading Volume
After Coinbase included PNUT in its roadmap, indicating a potential listing on one of the world’s top crypto exchanges, the meme coin surged by over 17% on Thursday.
This move sparked a buying frenzy among traders, boosting PNUT to become the third most-traded meme coin globally.
Coinbase recently began teasing its upcoming exchange listings by adding several meme coins, including PNUT, to its roadmap.
This move signaled that these coins are now being considered for a listing on the exchange.
While being included on the roadmap does not guarantee a listing, traders wasted no time in reacting to the news.
PNUT, which began trading at $0.98 on Thursday, surged to a high of $1.29 before pulling back slightly.
Earlier today, the meme coin spiked by as much as 28% before cooling off a bit.
Even with this pullback, PNUT’s rally wiped out most of the losses incurred earlier in the week.
With a market cap of $2.1 billion, PNUT soared to third place among the most-traded meme coins worldwide.
This put the meme coin in the sights of traders, with SHIB, DOGE, and Floki Token (FLOKI) also surging on Thursday.
However, PNUT managed to outpace all of these coins to become the third most-traded meme coin on the market.
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