Meme Coins See Double-Digits Rally Led by PEPE as Bitcoin Approaches ATH

By: Eliza Bennet

As Bitcoin nears its all-time highs, meme coins are not far behind, registering double-digit gains. Leading the rally among meme coins is PEPE, which has experienced abnormal liquidations of its futures products since Friday, signaling a potential short covering activity.

Other significant meme coins, including DOGE and SHIB, have also experienced a surge but in a lesser magnitude compared to PEPE. The noticeable rise in the meme coins echos the currently bullish sentiment reverberating through the larger crypto market.

This increase in meme coins' value demonstrates the impact Bitcoin's performance can have on the broader cryptocurrency sector, especially those generally considered more volatile and speculative.