Meme coin rally: BONK, WIF, BRETT and PEPE are all up 15%

Meme Coins Surge Amidst Bitcoin Recovery

Meme coins are experiencing a bullish period, despite Bitcoin's recent downturn. In the past 24 hours, BONK, WIF, BRETT, and PEPE have witnessed surges of over 15%.

BONK

BONK, the Solana-based meme coin, has risen 12% in the past 24 hours. It currently trades at $0.000022, with a trading volume of $319.5 million. Despite the surge, BONK remains 52% below its all-time high of 0.000047.

Dogwifhat

Dogwifhat, the 41st-largest cryptocurrency by market cap, has jumped 22% to $1.99. Its daily trading volume stands at $580 million, while its market cap has reached $1.98 billion. However, WIF is still 60% below its all-time high of $4.85.

Brett

Brett, inspired by the "Boy's Club" comic, has gained 8% to trade at $0.12. Its daily trading volume of $42.7 million has decreased by 29%. Brett's market cap now sits at $1.13 billion, ranking it as the 58th-largest cryptocurrency.

Pepe

Pepe, the Ethereum-based meme coin, has risen 8.6% to $0.0000090. Its daily trading volume of $908 million has declined by over 32%. Pepe's market cap has jumped by 8% to $3.8 billion.

Influencing Factors

The surge in meme coin prices follows a 3% increase in Bitcoin's value. When Bitcoin performs well, it often boosts investor confidence and interest in other cryptocurrencies, including meme coins. This phenomenon creates a positive feedback loop that can drive further price increases.