Meme Coins Surge on Coinbase as Speculative Frenzy Returns to Crypto Markets

Meme coins are outperforming major cryptocurrencies like Bitcoin and Ethereum in a recent market rally, with notable gains on platforms such as Coinbase. Dogecoin (DOGE) and Pepe (PEPE) have seen significant increases, while niche tokens like OFFICIAL TRUMP (TRUMP) and Brett (BRETT) are also making waves. This resurgence highlights renewed speculative interest in the altcoin market.

Meme Coins Outperform Major Cryptocurrencies in Market Rally

Meme coins are staging a remarkable comeback, eclipsing established cryptocurrencies like Bitcoin and ethereum in recent market movements. Dogecoin (DOGE) has climbed 18% this week, while Pepe (PEPE) skyrocketed 52%. Even niche tokens like OFFICIAL TRUMP (TRUMP) posted a 25% gain, signaling renewed speculative fervor in the altcoin market.

Brett (BRETT) emerges as a standout contender, leveraging its dual association with Coinbase’s Base network and the Pepe the Frog meme universe. The token’s positioning as the mascot’s canonical sidekick has propelled it to dominance within the Base ecosystem, demonstrating how narrative-driven assets can capture investor imagination during bull runs.

XRP, BTC Lead Resurgent Crypto Market as Bullish Signals Flash Across Major Tokens

Cryptocurrency markets are showing renewed strength as six of the top 10 non-stablecoin tokens now trade above their 200-day moving averages - a key technical indicator of bullish momentum. The widening breadth of this recovery suggests growing confidence among digital asset investors.

XRP and Bitcoin continue to lead the charge, maintaining positions above their long-term trend indicators since April. They’ve now been joined by BNB, ADA, TRX, and SUI in crossing this critical threshold. Only Ethereum, Solana, Dogecoin and chainlink remain below their 200-day SMAs among major assets.

The 200-day simple moving average serves as a litmus test for institutional traders and platforms like Coinbase. Sustained breaks above this level typically precede extended rallies. Current price action marks a significant improvement from late April, when just three tokens met the criteria.