On September 24, COINOTAG news reported a resurgence in the “zoo market,” with several animal-themed Meme tokens experiencing notable gains. According to market data, EDOGE (Ethereum Doge) saw its market value surpass $7.7 million, marking a 24-hour increase of 138%. Similarly, PESTO (Pesto The Baby King Penguin) surged to over $2 million, up by 337% within the same period. In addition, MOODENG achieved a market value of $8.6 million, reflecting a 24-hour rise of 27.3%, while CHEEMS skyrocketed to $4.3 million, a staggering 597% increase. COINOTAG advises that Meme coins generally lack practical use cases and exhibit significant price volatility, underscoring the importance of careful consideration before investing.
Source: https://en.coinotag.com/breakingnews/ethereum-doge-surges-as-zoo-market-reappears-edoge-market-value-hits-7-7m-with-138-gain/