🚀 Meme coins like PEPE, SHIB, and DOGE are surging, with gains up to 26% in the past 24 hours! This growth is attributed to a "spillover effect" from the rise of Bitcoin and Ethereum. Traders have been using meme coins as a proxy bet on Ethereum's growth since late February.

- Pepecoin (PEPE) jumped 26%, while DOGE and SHIB rose 10%
- CoinGecko's meme coin category showed an 8.6% sector growth on average
- Ethereum (ETH) is inching towards $4,000, a level it previously saw in December 2021

Experts believe that as Bitcoin and Ethereum rise, coins deployed on Ethereum and Solana also surge, including meme coins. However, some caution that a transition back to "fundamentally driven" altcoins may be expected in the short-mid term.

What do you think about the recent surge in meme coins? Share your thoughts in the comments below! 💭