PEPE’s 12% surge puts meme coins back in the spotlight

Meme Crypto Market Surge

The meme crypto category has experienced a significant upswing, with a surge of over 5% in a recovery rally. The total meme crypto market capitalization stands at $62.1 billion, with a trading volume of $8.4 billion.

PEPE's Dominance

Among the top meme cryptos, PEPE has emerged as the clear winner in the last 24 hours. Data indicates that its price has jumped by over 12%, making it the biggest gainer among the top 100 cryptos. In the past 90 days, PEPE's price has skyrocketed by an impressive 1100%.

However, despite its remarkable gains, PEPE's 24-hour trading volume has declined by 35% to $2.4 billion. At press time, PEPE is trading at an average price of $0.0000151, recently reaching its all-time high (ATH). Its performance has surpassed that of Dogecoin (DOGE) and Shiba Inu (SHIB) in all metrics.

Dogecoin's Resilience

Dogecoin has also performed well, with a 95% increase in price over the past 90 days. Currently trading at $0.166, DOGE remains down by 77% from its ATH of $0.7376, set on May 08, 2021. Its 24-hour trading volume has decreased by 37% to approximately $2 billion, while its market capitalization remains at $24 billion.

Shiba Inu's Performance

Shiba Inu has experienced a slight drop of 20% in the last 60 days, but it still holds a 160% gain over the past 90 days. On a year-to-date (YTD) basis, SHIB is up by 138%, although its surge pales in comparison to PEPE's astronomical rise.

At press time, Shiba Inu is trading at $0.0000246, with a 24-hour trading volume of $480 million, down by 42%. The second-largest meme crypto has a market capitalization of $14.5 billion.

Dogwifhat's Growth

Another notable performer in the meme crypto space is Dogwifhat (WIF), which has gained 819% in the last 90 days. Trading at $2.99 at press time, WIF has experienced a further 5% gain in the last 24 hours. Its trading volume has dipped by 22% to $522 million.