Memecoin fever is heating up again — the sector is up nearly 4% in the past 24h with $5B inflows in just two days. Total market cap now sits at $65B, signaling a clear return of risk-on sentiment.

🐕 $DOGE is leading the charge, reclaiming $0.20 after a 3.5% bounce — a solid recovery after shedding 30% from its $0.27 top.

🐸 $PEPE gained a modest 1.6%, but still lags behind DOGE and other majors. PEPE/BTC bounced off key support, yet momentum remains muted.

📊 Six of the top 10 daily gainers are meme tokens. Traders are clearly rotating into high-beta plays to chase short-term alpha as BTC cools off.

On-chain, PEPE holders just hit an ATH at 472K despite price weakness. But concentration tells a story:

- Top 100 PEPE wallets control 72.7% of supply

- Top 100 DOGE wallets control 63.8% — yet DOGE’s top 10 are even more stacked.

This wallet structure seems to be paying off — DOGE closed July +30%, PEPE only +12.8%.

📌 Bottom line: Memecoin season is alive, DOGE is in the driver’s seat, and PEPE still has catching up to do. August could get spicy. 🌶️