Meme Coin Resurgence: PEPE and WIF Lead the Charge

Meme coins are experiencing a resurgence, spearheaded by PepeCoin (PEPE) and Dogwifhat (WIF).

PEPE has surged by over 21% in the last 24 hours, while WIF boasts an impressive 44% gain, according to CoinMarketCap data.

Although Dogecoin (DOGE) and Shiba Inu (SHIB), the largest meme coins by market cap, have also seen increases, they are not as substantial as their smaller counterparts. DOGE has risen by more than 7%, while SHIB has only gained 2%.

This surge in meme coins like PEPE and WIF reflects a broader trend in the cryptocurrency market, indicating a revival of speculative interest in these tokens, with an average gain of 13% across meme coins in a single day.