The meme coin market has seen a significant surge, gaining approximately 19% in market capitalization, bringing the total to around $56 billion. Leading coins like Dogecoin (DOGE) and Pepe (PEPE) have shown strong bullish activity. DOGE, in particular, is experiencing a technical breakout from a falling wedge pattern, signaling potential upward momentum. Meanwhile, PEPE has surged about 16% recently, benefiting from whale activity and growing transactions of $100,000 or more.

This rally follows broader trends in the cryptocurrency market, where meme coins are outperforming other assets like Bitcoin and Ethereum, which have slowed down. PEPE has been particularly impressive, adding 62% to its value over the past week, outperforming other meme coins like Shiba Inu (SHIB).

These trends highlight growing investor interest in meme coins as part of the broader crypto market rebound.

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