🚀🚀🚀 Ethereum's Pepe Jumps 24%, Leading Meme Coins in Double-Digit Recovery
On Tuesday, meme coins showed resilience amid global financial concerns, with Ethereum's Pepecoin leading the charge. PEPE surged over 24% to $0.0000007673, recovering Monday's losses despite broader market declines caused by geopolitical and financial issues. PEPE's market cap is approximately $3.22 billion, though it's down 35% over the past week.
Other meme coins also rebounded. Solana’s BONK rose nearly 18% to $0.00001956, with a market cap of $1.3 billion, nearly erasing Monday's losses. Dogwifhat (WIF), BONK's competitor, gained over 14% and is trading at a market cap of $1.4 billion despite a 40% drop last week.
Shiba Inu (SHIB), a popular Ethereum meme coin, increased by 18.4%, reaching a market cap of about $7.9 billion, trading at $0.00001348. Base meme coin Brett (BRETT) saw a massive 46% rise to $0.09245, with a market cap of $919 million. BRETT is based on a character created by Matt Furie, the artist behind Pepe the Frog.
Outside the meme coin realm, Solana also bounced back with a 19.6% surge, climbing to over $143 before settling at $138.57. This follows a dip to $110 on Monday, its lowest in months.
These meme coin gains outpaced other crypto assets like Bitcoin and aligned with a broader market recovery. Asian stock markets rebounded on Tuesday after hitting historic lows, and American markets appear poised for a recovery.
