In brief
- PEPE has gained 11.6% in the past 24 hours, with over $2.3 billion in daily volume.
- WIF, BONK, and FLOKI also posted double-digit gains as meme coin momentum returns.
- The rally follows broader bullish sentiment in crypto, including fresh inflows into Bitcoin ETFs.
Meme coins are once again outperforming broader crypto markets as renewed investor appetite drives up prices and trading volumes across speculative assets.
The rally marks a return of risk-on sentiment in the sector, with meme coins—often driven by retail enthusiasm and social media virality—outperforming many major Layer-1 tokens.
Meme coins saw steep corrections in the weeks following President Donald Trump’s January inauguration, as speculative appetite cooled and momentum faded across the board.
Solana Shooter Game 'Nyan Heroes' Shuts Down Amid Funding Issues
Solana cat-themed hero shooter game Nyan Heroes is shutting down, 9 Lives Interactive announced Friday, with the developer citing an inability to secure the necessary funding to finish the game. The free-to-play hero shooter recently completed its fourth play test via the Epic Games Store, which included its largest play-to-earn airdrop of the NYAN token on Solana. A full game launch was planned for next winter. The Overwatch-style PC game launched its first pre-alpha test in March 2024 and ult...
Momentum is once again rebuilding as traders dip back into the meme coin market.
Pepe (PEPE), one of the largest tokens in the meme category by market cap, has jumped 11.6% in the past 24 hours, with daily volumes topping $2.3 billion, according to CoinGecko.
The Solana-based Dogwifhat (WIF) climbed 11.4% over the same period, while Floki (FLOKI) and Bonk (BONK) gained 9.4% and 10.4%, respectively.
Fartcoin (FARTCOIN), a well-known entrant in the category, also saw a 10.7% rise, suggesting broad-based interest across the segment.
Bitcoin Inches Closer to All-Time High—Here's What's Driving Its Price
Bitcoin is trading just shy of record levels, rising alongside renewed interest in exchange-traded funds and shifting economic signals that are drawing investor capital back into risk assets. The crypto climbed above $105,700 on Sunday evening, extending gains made over the past two weeks. The asset is trading just above $106,500, CoinGecko data shows. While previous rallies were often powered by retail speculation, this one is unfolding amid heavy flows into spot Bitcoin ETFs, stable interest...
The moves come amid a broader resurgence in crypto markets.
Bitcoin traded above $106,000 on Sunday, near all-time highs, while inflows into spot Bitcoin ETFs in the U.S. have strengthened over the past two weeks.
Analysts at QCP Capital said in a recent note that digital assets are “positioned for further upside” as passive flows into crypto products increase and inflation discussions return to the fore.
