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Memecoins Memecoins are gaining traction with increased attention on Dogecoin, with some enthusiasts showing up to events like Dogepalooza. Additionally, new memecoins like Pengu and Fartcoin are making waves, with Pengu tokens being moved in large quantities and Fartcoin experiencing a significant whale sell-off. The rise of new memecoins and increased activity in existing ones is fueling interest in the space.