FLOKI and PEPE have witnessed a massive rise in prices among the memecoins and have been noted to outperform major currencies, including Ethereum (ETH). The rise in these memecoins cannot be directly implicated to events on their networks but can be a result of the rising interest in Bitcoin-spot ETFs. #doge #PEPEs #MemeEconomy

Investors have shown their confidence in Bitcoin ETFs as inflows on the underlying asset have been rising over the past month. At the same time, the memecoins craze is expected to introduce massive trade amongst investors:

Amid the growing investor interest in Bitcoin-spot ETFs, memecoins have been influenced, and Floki (FLOKI) recorded a 40% jump. However, in Floki’s case, the launch of TokenFi, its sister token, added to its value increase in the past 24 hours. The new staking program has incentivized its community members as FLOKI tokens are offered as rewards to stakes.

Currently, at the time of writing, FLOKI is up by 4.68 % in the past 24 hours, recording a market cap of $351 million and a trading volume of $82.1 million, which accounts for a 4.50% increase.

Pepe (PEPE) also experienced a surge of 77% following the influence of the broad-based crypto rally. Additionally, the Pepe token burn also added to the price gains that fueled the breakout rally this week.

An estimated 6.9 trillion PEPE tokens were burned, and this accounted for an equivalent of $5.5 million. Since its inception into the market this year, Pepe Coin soared to a market value of $1 billion and was followed by a market correction that plummeted this value by 60%.

Based on market data, PEPE is up by 11.15% in the past 24 hours, with a current price of $0.00000000029 at the time of writing. Its daily trading volume has also increased by 4.88% to $13,542.

According to one market analysts, “The bear market put a dampener on meme activity, especially in terms of market value, but it stayed quite lively anyway. Now that sentiment is more confident