Holders of Pepe (PEPE) and Bonk (BONK) are celebrating this week as both tokens have experienced remarkable price surges.

Meanwhile, the new meme coin project Scotty the AI (SCOTTY) is also generating massive momentum in its ICO – and rapidly approaching the $1 million funding milestone.

PEPE Price Goes Parabolic as Trading Volumes Hit $1.9bn

PEPE has posted four bullish daily closes in a row, with a fifth looking highly likely.

The token is trading around the $0.0000033 level, which marks PEPE’s highest value since May 2023.

Over the past five days, PEPE has rocketed 178%, giving investors a taste of the momentum seen during the token’s original bull run in 2023.

Helping fuel this price surge is a colossal increase in spot trading volumes, which have reached $1.9 billion in the past day.

This volume propels PEPE to the ninth position among the most-traded cryptocurrencies, passing market veterans like Dogecoin (DOGE) and BNB (BNB).

PEPE’s surge is further fueled by an influx of “smart money” purchases.

According to data from Nansen, $1.7 million in investment rolled in over the past 24 hours, which is the fourth most for any crypto asset.

This suggests there’s growing confidence in PEPE’s prospects from major investors.

BONK Surges Amid Meme Coin Buying Frenzy

It’s not just PEPE that has been rising – fellow meme coin BONK is also experiencing a remarkable bull run.

Like PEPE, BONK has posted four consecutive daily closes and is now trading around the $0.000016 level.

During that time frame, BONK breached the key resistance level at $0.0000145, which hadn’t been broken since early January.

Although there hasn’t been a clear catalyst for the token’s rise, investors have still clamored to get involved in the uptrend.

Over $535 million worth of BONK traded hands in the past 24 hours – an 88% increase from the previous day.

BONK’s rise likely reflects the broader bullish sentiment surrounding me