Memecoins Pepe- Dogecoin- Shiba Inu Lead Gains; Outshine Bitcoin and Ethereum
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On Tuesday, the memecoin market saw a sudden surge with the first signs of a broader market recovery. This led to substantial gains for both well-known and smaller-cap coins.
In the last 24 hours, the total market cap of memecoins surged by 12.37% to reach $49.6 billion. Leading this increase were prominent Ethereum-based coins like Pepe, Dogecoin, and Shiba Inu.
PEPE Emerges as Top Performer: Frog-themed PEPE led the memecoin market in the past 24 hours, boasting gains of over 14%. It also stood out as the most traded meme token, with trading volume surpassing $1 billion.
Strong Rebounds for Dogecoin and Shiba Inu: Heavyweights like Dogecoin and Shiba Inu rebounded strongly, marking a significant recovery after weeks of declining prices.
