#MemecoinSentiment

Memecoin Market Context

-$The total market capitalization of the memecoin sector reached a 3-week high (~$55.8 billion USD), driven by a daily surge of +55% in transaction volume

DailyForex

-Open interest in derivatives of these assets grew notably: DOGE +7.6%, PEPE +1.4%, and some smaller tokens climbed up to +22% in OI

-Increase in holdings by "whales" of both DOGE and SHIB, a technical and bullish sentiment factor