Meme Coin Mania: PEPE Surges 30% as DOGE & SHIB Jump 8% in Bullish Reversal

The meme coin sector roared back to life today as PEPE led the charge with a staggering 30% pump, while Dogecoin (DOGE) and Shiba Inu (SHIB) followed closely with 8% gains. Retail traders are piling in—either chasing the next degenerate casino play or frontrunning the inevitable rug pull.

This sudden reversal comes after weeks of sideways action, proving once again that crypto markets have the attention span of a goldfish on Red Bull. The move coincides with renewed risk appetite across crypto, though skeptics note these assets have about as much utility as a screen door on a submarine.

Will the momentum hold? History suggests these pumps rarely end well for latecomers. But when has that ever stopped crypto degens?

On the other hand, Dogecoin—called the original meme coin—saw an 8% spike with its trading volume surge 144% to $1.8 billion, pushing its market cap over $30 billion. Breaking above a descending trendline resistance, DOGE’s 8% gain reflects renewed whale activity and retail interest. 

Similarly, shiba inu has rallied past its 50-day SMA, with trading volume up 140% to $383 million and a market cap of $8.62 billion. SHIB’s technical momentum, bolstered by burn initiatives and Shibarium’s growth, points to potential resistance tests near the $0.00001600 price mark.

Other Notable pumps in meme coins include, TRUMP, PENGU and FOLKI’s 15% while Fartcoin has surged nearly 20% in the past 24 hours. One of the eye-catching movers is BRETT, which has surged by 30% in the past 24 hours, following PEPE’s rally.  

Also read: ethereum Surges 18% to Cross $2,200 After Pectra Upgrade