The Sandbox, a platform that fosters creativity and innovation in the virtual world, has significantly expanded its presence in the Web3 space. This strategic move aims to both provide support to the vibrant communities that have formed around these crypto assets and strengthen The Sandbox’s position in Web3 culture. By integrating popular meme coins such as PEPE coin, SHIB, MEME, DEGEN, DOGE and BONK into its ecosystem, The Sandbox not only enriches its offering but also aims to create tangible value for both its users and meme coin enthusiasts worldwide.
The Sandbox integrated PEPE coin and other cryptos
Known for its virtual world that fosters creativity and innovation, The Sandbox has significantly expanded its footprint in the Web3 space by acquiring several leading meme coins. This strategic move aims to solidify The Sandbox’s position within the Web3 culture while strengthening support for the vibrant communities built around these cryptoassets. Representing a fun intersection between cryptocurrencies and internet culture, meme coins are often inspired by viral internet phenomena or trends.
Each coin embodies a unique community spirit and story that contributes to the diversity of crypto assets in the cryptocurrency market. One of the meme coins in The Sandbox’s portfolio is PEPE coin, which pays homage to the iconic “Pepe the Frog” meme. DOGE, on the other hand, is a cryptocurrency that emerged from the “Doge” Shiba Inu meme that became popular on the internet. While these coins, including SHIB, BONK, MEME, and DEGEN, vary in their origins and functions, they share a common goal of encouraging user interaction and creativity within decentralized networks.
What is the latest situation in prices?
Currently trading at $0.00001149 and having a trading volume of $940.1 million, PEPE offers a deflationary model that attracts investors with its supply dynamics. On the other hand, DOGE, traded at $0.1245 and with a trading volume of $959.1 million, maintains its status as a widely recognized and used cryptocurrency, reflecting its transformation from meme to mainstream asset.
MEME, which is included in the portfolio similar to other meme coins, is another meme coin that powers the Meme.com platform, which offers the opportunity to create, trade and exchange unique “Memetic Asset mTokens” representing different memes. The price of Memecoin (MEME) is at $0.01797 today and its 24-hour trading volume is $43.5 million. This shows that the price has increased by 0.30% in the last 24 hours.
Meme coin industry is on the rise
Similarly, DEGEN is another meme coin that undoubtedly stands out, having started as a reward token on a popular Farcaster channel but gaining a following among developers, creators, and enthusiasts. Its total supply is airdropped to active community participants over time. SHIB, traded for $0.00001847 and with a transaction volume of $422.9 million, has become a global phenomenon that has expanded its influence through subsidiary tokens such as LEASH and BONE. Each coin uniquely contributes to the goals of The Sandbox, which has a vision of integrating community-driven assets into its environment.
With a total market capitalization of $57.89 billion, the meme coin industry continues to attract investors’ attention due to its potential return on investment. Leading meme coins such as DOGE, SHIB, and PEPE are showing significant price gains, highlighting investor interest in meme-inspired crypto assets. However, as we reported as Kriptokoin.com, Vitalik Buterin, one of the co-founders of Ethereum, warned about the speculative nature of celebrity-backed meme coins and emphasized the importance of sustainable financialization and creating permanent value in the crypto ecosystem.
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