Meme Coins Surge Amid Crypto Market Rally, Pepecoin Leads with Record Gains
As Bitcoin approaches its all-time high, meme coins like Pepecoin, Dogecoin, and Shiba Inu experience significant surges, with Pepecoin achieving a 370% weekly increase.
- Pepecoin's trading volumes hit lifetime highs of $3.6 billion, outpacing other meme coins in the recent rally.
- Bitcoin's rise to $65,000, nearing its all-time high, fuels a broader crypto market surge, benefiting meme coins.
- Dogecoin, Shiba Inu, and other meme coins also see substantial gains, with Dogecoin up 170% and Shiba Inu up 200% over the past week.
- The total market capitalization of the top 100 meme coins increases by 30%, reaching $52 billion.
- Crypto short sellers lose an average of $110,000 per minute as meme coin rallies lead to significant liquidations.