Total market capitalization for meme coins surpasses $56 billion
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This is similar to Shiba Inu, which saw a whopping 300% price surge in the previous month, reaching highs of $0.00004575 on March 5. SHIB jumped into the top 10 following this feat but has since retreated. SHIB is now the 12th largest cryptocurrency, with a market cap of $16 billion., a relatively new meme coin established in the Solana ecosystem in November of last year, has also received a lot of attention during the recent meme token price surge.
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