Date: Sat, Sept 07, 2024, 09:28 AM GMT
In the cryptocurrencies market, memecoins have taken the market by storm, drawing in both casual investors and seasoned traders alike. Their viral appeal and the potential for high returns have made them a hot topic, and recently, some new players have emerged among the top contenders.
According to data shared by Lookonchain analytics, three memecoins—SLERF, WHY, and CAT—have managed to secure their spots in the top 10 memecoins with the highest liquidity on decentralized exchanges (DEX).
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1. Slerf (SLERF): $46M
Leading the pack is SLERF with a whopping $46 million in DEX liquidity. This memecoin has quickly gained popularity and currently trading at $0.1261 with the Marketcap of $63 Millions.
2. Why (WHY) $16M
Next up is WHY, with $16 million in liquidity, currently trading at 0.0000002561 with the Marketcap of $107 Millions.
3. Simons Cat (CAT): $14M
Rounding out the top 10 is Simons Cat (CAT) with $14 million in liquidity.
Other Contenders
While SLERF, WHY, and CAT have made their mark, they are in good company. Memecoins like BOME ($37M), PEPE ($36M), MEW ($30M), and FLOKI ($29M) also feature prominently on the list. These coins have become household names in the crypto community, each offering a unique story and a dedicated fanbase.
The increasing liquidity of these memecoins on DEXs signals a robust demand and a growing interest in the memecoin space. As more investors jump on board, the competition among these digital assets is likely to heat up even further.
For investors, keeping an eye on liquidity can provide valuable insights into which coins are gaining traction and which ones might offer promising returns.