Memecoins Rebound With Robust Rally, Bonk and Pepe Among the Market\'s Top Performers

Memecoins rebounded with a robust rally Monday, with fashionable tokens like Bonk and Pepe that includes among the many market's finest performers.

Memecoins made a robust rebound with a superb rally on Monday, the place fashionable tokens like Bonk and Pepe have been among the many market’s finest performers.

Solana (SOL)-based canine coin, Bonk, emerged because the largest gainer over the past 24 hours. The meme token noticed its buying and selling quantity surge by 139% to $477 million, indicating a surge in demand from retail.

Frog-themed Pepe was the second-best performer, because its holders profited by greater than 15% over the past 24 hours. The Ethereum (ETH)-based token noticed its quantity soar by 63% to $1.15 billion, marking the very best amongst memecoins.

Established gamers like Dogecoin (DOGE) and Shiba Inu (SHIB) additionally recorded wholesome positive factors of 4.30% and three.78%, respectively.

The whole memecoin market cap rose to $40.84 billion, displaying a rise of 6.16% over the past 24 hours.

The memecoin rally got here as market heavyweights like Bitcoin (BTC) confirmed indicators of restoration.

Meme tokens have been among the many quickest to maneuver this 12 months when the market reveals indicators of revival. In actual fact, this class of cryptocurrencies was the most significant wealth multiplier for traders within the first half of 2024.

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