- PEPE Leads Meme Coin Rally: Pepe (PEPE) surged 35% in 24 hours, reaching $0.00001338 and pushing its market cap to $5.5 billion, driven by $4.8 billion in trading volume, the highest since February 2025.
- Other Meme Coins Follow Suit: Bonk (BONK) rose 18% to $0.00002209, Floki (FLOKI) re-entered the top 100 with a $1 billion market cap, while Shiba Inu (SHIB) gained 10.2% and Dogecoin (DOGE) broke through $0.20 with a 9.2% rally.
- Ethereum’s $2,400 Breakout Fuels Market Rally: Ethereum’s unexpected move above $2,400 triggered over $1.1 billion in short liquidations, contributing to a 3.4% market cap increase across the crypto sector as meme coins seized the spotlight.
While Ethereum (ETH) is grabbing headlines with its unexpected surge past $2,400, meme coins are making even louder noise. Some of these quirky, community-driven tokens are posting wild gains, outpacing even the big players in the market. The crypto recovery is in full swing, and meme coins are cashing in.
PEPE Rockets 35% in 24 Hours — $1.3 Billion Inflow
Pepe (PEPE), the meme coin sensation, just pulled off a 35% rally in the last 24 hours, rocketing to $0.00001338. With this massive move, PEPE’s market cap soared past $5.5 billion — its highest point since February 1, 2025. Trading volume? A staggering $4.8 billion in just one day. That’s serious momentum for a meme coin.
PEPE’s rise has pushed it back into the top 30 cryptocurrencies by market cap, cementing its position as the fastest-growing meme token in the space right now.
Bonk, Floki, and SHIB Join the Party
It’s not just PEPE riding the meme coin wave. Bonk (BONK) shot up 18%, hitting $0.00002209 in 24 hours. Meanwhile, Floki (FLOKI) clawed its way back into the top 100, reaching a $1 billion market cap for the first time in weeks.
Shiba Inu (SHIB), the second-largest meme coin, jumped by 10.2% to trade at $0.00001507. Its market cap is now targeting the $9 billion mark. And Dogecoin (DOGE)? The top dog in the meme coin pack climbed 9.2% to break through a critical resistance level at $0.20, reinforcing its position as the seventh-largest altcoin.
AI16Z, BRETT, and Virtual Protocol — Meme Coins on the Move
It’s not just the big names making moves. AI16Z (AI16Z), a rising star in the AI crypto sector, surged 17% in the last 24 hours. Virtual Protocol (VIRTUAL) also posted a 20% gain, while BRETT, the biggest meme coin on the Base ecosystem, spiked by 22% and is inching closer to the top 100 meme cryptos by market cap.
Ethereum’s $2,400 Breakout Triggers Liquidations
While the meme coins were partying, Ethereum’s leap above $2,400 caught traders off guard, sparking a wave of short liquidations. Over $1.1 billion in shorts were wiped out, adding more fuel to the broader market rally.
In total, the cryptocurrency market cap grew by 3.4% in the past day — the fastest surge in weeks. With meme coins gaining traction and Ethereum holding above key resistance, the market mood is shifting fast. But the question is, can the rally hold, or is a correction just around the corner?
