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- MONG is trending on Twitter alongside PEPE, accumulating 295K tweets to date.
- MongCoin (MONG) experienced a price increase exceeding 450% in the past 24 hours.
Recently, speculation and excitement have clearly emerged as the main catalysts for the memecoin season of 2023. Competing with the popular PEPE coin, the new low-cap memecoin MongCoin (MONG) surged 7874% within three days — rising from $0.00000000781 (on Apr. 29) to its new all-time high of $0.00000006665.
According to the data, MongCoin (MONG) soared over 454% in the last 24 hours, trading at $0.00000006185.
MONG Price Chart (Source: CoinMarketCap)
Specific information regarding the memecoin project — including circulating supply and market capitalization — remains unverified by prominent crypto data aggregators like CoinMarketCap and Coingecko. According to the MongCoin team, at the time of reporting, there were a total of 565.8 trillion MONG tokens valued at $30.8 million in the cryptocurrency market.
At the time of reporting, MONG ranks as the 2617th cryptocurrency by market capitalization on CMC. The memecoin is currently tradable on Uniswap, available on both v2 and v3, as the MONG/WETH pair.
Source: Twitter
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Significantly, MONG has made it to the trending list with 295K tweets on Twitter, indicating the community’s excitement about the project.
Interestingly, on its official website, the project stated:
“$MONG is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”
The Memecoin Season
This year began by showcasing a bullish market sentiment for memecoins. Initially, Doge-themed memecoins — DOGE, SHIB, FLOKI, and BABYDOGE — demonstrated positive price movements. Notably, April marked the rise of frog-themed PEPE in the crypto market. Notorious memecoins like MONG and BOBA are starting to initiate their hype cycles in tandem with them.
A speculative question remains — Will the excitement surrounding memecoins persist for an extended duration in the sector? – continues to circulate within the crypto community.
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