ETH - Pepe Dogecoin Shiba Inu Back Among Gainers As Memecoins Eclipse Bitcoin Ethereum Spike | Benzinga
The memecoin market exploded on the first sign of a broader market recovery Tuesday, resulting in significant gains for both mainstream and smaller cap coins.
What Happened: The overall market cap of memecoins surged 12.37% to $49.6 billion in the last 24 hours, led handsomely by blue-chip Ethereum (CRYPTO: ETH)-based coins like Pepe, Dogecoin, and Shiba Inu.
Frog-themed PEPE was the best-performing memecoin in the last 24 hours, logging gains of more than 14%. The token was also the most traded among meme tokens, with a volume exceeding $1 billion.
Heavyweights ...