In the last 4 hours, the rise of memecoins in the cryptocurrency market has caught attention. While major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) remain sideways, popular memecoins such as TRUMP, WIF, BONK, PEPE, and DOGE have posted double-digit gains.
Is a Memecoin Rally Starting?
Memecoins typically surge during periods of increased risk appetite in the market. In the last few hours, TRUMP/USDT gained 18.66%, WIF/USDT rose 21.39%, BONK/USDT increased 6.63%, and PEPE/USDT climbed 7.13%. This surge suggests a renewed investor interest in memecoins.
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Notably, DOGS/USDT recorded a 4.56% increase, signaling potential momentum in the memecoin market. In previous memecoin rallies, DOGE and SHIBA have been the key assets shaping the trend.
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Is a Memecoin Bull Run Coming?
Analysts suggest that this sudden rise in memecoins may be driven by several factors:
- Signs of recovery across the broader market
- Altcoin investors shifting to memecoins due to Bitcoin and Ethereum’s sideways movement
- The resurgence of hype on social media
Particularly, TRUMP/USDT’s 18%+ surge demonstrates how political figures and community-driven hype can significantly influence the memecoin market. WIF and BONK have also posted strong gains, drawing investors’ interest.
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Has a New Memecoin Wave Begun?
The recent surge raises the question: “Is a new memecoin season beginning?” The market trends of Bitcoin and broader cryptocurrency movements in the coming days will determine whether this surge is sustainable. However, for now, memecoins are showing notable activity.
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