🚀 Memecoins are making waves in the crypto world! Pepe and WIF have skyrocketed into the top 20 cryptocurrencies by market cap within a year of their launch. They're not just meme-ing around, folks! Four out of the top 10 cryptos by open interest (OI) are memecoins, with Pepe leading at $812.6M in OI. Bitcoin still reigns supreme at $11.1B, followed by Ethereum at $9.15B. The recent bullish momentum of memecoins has seen a rise in OI, indicating traders' growing interest. Despite this, funding rates for memecoins remain negative across exchanges. Meme or not, these coins are making a serious impact!