As Bitcoin attracts headlines with a massive spike to a new all-time high, tokens like Pepe (PEPE) are outpacing peers to lead memecoins higher.
The cryptocurrency market’s bullish flip has also seen Dogwifhat (WIF) and Bonk (BONK) show signs of further gains.
PEPE’s bounce and WIF, BONK’s uptick coincides with Bitcoin breaking above $118,000 and Ethereum’s spike to above $3,000.
Omni Network rose sharply while Sei traded higher as one of the top altcoins under $1.
BTC and ETH recorded huge fund inflows as prices rose.
Analysts say the gains for BTC highlights strong market sentiment and excitement.
“Bitcoin trades at $118,000 this morning, marking a fresh all-time high. The rally reflects both market excitement and a foundation of strong macro drivers beneath the surface. One key catalyst is renewed frontloading by global manufacturers. Tariff threats are driving firms to import early and draw down credit, echoing past cycles of policy uncertainty,” the analysts posted on X.
Pepe (PEPE), a frog-themed memecoin, has emerged as the frontrunner in the current memecoin rally, posting a 15% gain in just 24 hours.
Currently ranked among the top 30 cryptocurrencies by market capitalization, PEPE’s price has spiked by more than 31% in the past week. The upside sees PEPE break out of a falling wedge pattern, a bullish technical signal that suggests another leg up.
Notably, the memecoin’s trading has surged 70% to $2.35 billion in the past 24 hours. The Pepe price reached $0.000013, about 54% off its all-time high above $0.000028.
Bulls could eye this amid upward momentum. However, profitaking risk means bears might yet revisit support levels.
Dogwifhat (WIF), a Solana-based memecoin, has broken above the $1 mark. Per CoinMarketCap, WIF reached highs of $1.07, surpassing the key psychological level for the first time since early June.
WIF’s price surged by 8% in the past 24 hours builds on its 20% gain over the week.
The token’s rise aligns with a spike in trading volume. Dogwifhat’s daily volume is up 39% to over $712 million amid broader crypto market optimism.
The memecoin could target higher resistance levels if buying pressure persists. However, its recent dip to $0.85 highlights it as a potential support level.
Bonk (BONK), another Solana-based memecoin, has gained an impressive 41% over the past week. The token traded to intraday highs of $0.000024 as memecoins mirrored Bitcoin’s rally.
The memecoin is eyeing gains amid the sector’s recent performance that signals possible upward movement.
As Bitcoin and Ethereum continue to drive market sentiment, BONK may look to break to the all-time highs of $0.00005916 seen in November 2024.
As Bitcoin price hits new highs, altcoins and memecoins are benefiting from the spillover effect, with PEPE, WIF, and BONK among top gains
Canary Capital has made another crypto-related filing with the U.S. Securities and Exchange Commission (SEC).…
Hackers are using fake voicemails and purchase orders to spread UpCrypter malware, giving them remote…
Eclipse Labs is burning its ships. Just weeks after its token launch, the L2 developer…
Numeraire price is up 40% to near $12.40 after JPMorgan secured $500 million capacity in…
The New York Times reported today on the death by suicide of California teenager Adam…
Crypto exchange-traded funds (ETFs) snapped back to life on Monday, with ether ETFs attracting $444…