Meme Coin Mania: #PEPE Leads the Charge with 30% Surge Amid Market Rally

The #cryptocurrency market is experiencing a significant bullish reversal, with meme coins at the forefront. PEPE has emerged as a standout performer, soaring by 30% and capturing the attention of investors. This surge is accompanied by a 240% increase in trading volume, reaching $2.36 billion in the last 24 hours. Open interest in PEPE has also risen to $531 million, nearing its all-time high.

Dogecoin (#DOGE ), the original meme coin, has also seen an 8% uptick, with trading volume increasing by 144% to $1.8 billion, pushing its market cap over $30 billion. Shiba Inu (#SHIB) is not far behind, rallying past its 50-day SMA, with trading volume up 140% to $383 million and a market cap of $8.62 billion.

The overall meme coin sector has witnessed a 12% increase in market capitalization, now standing at $62.52 billion, with trading volumes soaring by 129%. Other notable gainers include TRUMP, #pengu , and FOLKI, each up by 15%, and BRETT, which has surged by 30% in the past 24 hours.

This resurgence in meme coins is fueled by #Bitcoinhaving 's surge past $100K, reigniting investor interest and signaling a robust revival in the sector.