June has kicked off an impressive rally for meme coins, with several popular ones drawing significant buyer interest, leading to massive price increases. A notable event was the return of Keith Gill, better known as “Roaring Kitty,” who sparked a surge in GME memecoin prices. Furthermore, last week saw significant fluctuations in the prices of Pepe and Bonk coins, suggesting potential for further increases in the coming week.

Memecoins Gain The Spotlight Amid Volatility

Last week, the GME memecoin, operating on the Solana blockchain, experienced an unexpected surge. This increase triggered a bullish outlook for both Pepe and Bonk prices, triggering analysts to revise their predictions for the meme coin market in the upcoming week.

Pepe Price Analysis

Pepe price witnessed intense volatility in the last few days as the price faced a strong rejection around the $0.000015 resistance mark. This pushed the price toward the low of $0.0000116. However, buyers defended that level and the price is currently hovering around $0.00001235, declining over 10% in the last 24 hours.