Over the last four hours, these popular "meme coins" have shown an unexpected divergence from Bitcoin (BTC) and the broader altcoin market.
A report by Santiment indicates this pattern is rare, with the data insights provider suggesting potential historical signals behind such a trend.
The broader cryptocurrency market has exhibited mixed performance during the same time frame. Bitcoin, the dominant cryptocurrency, maintains a stable price of around $29,300, with minimal fluctuations in the past week.
Ethereum (ETH), the second-largest by market capitalization, has seen a slight increase, with its price pegged at $1,849.
Notably, the meme coin rally came after Bitcoin's volatility dropped to historical lows, with the largest cryptocurrency struggling to move past the $30,000 mark.