Simply put
- Pepe has experienced a notable gain of 11.6% in the last 24 hours, surpassing a daily trading volume of $2.3 billion.
- Wif, Bonk, and Floki also posted impressive double-digit profits as interest in Meme Coins resurged.
- This uptick follows a broader positive sentiment in the crypto market, bolstered by new investments into Bitcoin ETFs.
Meme Coins are once again outpacing the wider cryptocurrency market, as a renewed appetite from investors is driving prices and trading volumes in speculative assets.
This rally signals a return to a risk-on mindset within the market, particularly for memecoins, which tend to be fueled by retail enthusiasm and social media trends.
After President Donald Trump’s inauguration in January, memecoins saw a drop in momentum. However, it seems that traders are beginning to look back at this market.
According to Coingecko, Pepe, one of the major tokens in the Meme category, has surged 11.6% over the last day, with daily transactions reaching $2.3 billion.
In the same timeframe, Solana-based Dogwifhat (WIF) increased by 11.4%, while Floki and Bonk reported gains of 9.4% and 10.4% respectively.
Other notable players like Fartcoin also saw a boost of 10.7%, indicating strong interest across the entire segment.
This uptick is occurring alongside a broader recovery in the crypto market.
Bitcoin was traded at more than $106,000 on Sunday.
Analysts at QCP Capital have recently noted that digital assets are “positioning themselves as an additional advantage,” especially as discussions around inflation come back into focus.
