PEPE, WIF Lead Meme Coin Rally as Crypto Markets Spring to Life

Meme coins are once again outperforming broader crypto markets as renewed investor appetite drives up prices and trading volumes across speculative assets.

The rally marks a return of risk-on sentiment in the sector, with meme coins—often driven by retail enthusiasm and social media virality—outperforming many major Layer-1 tokens. 

Meme coins saw steep corrections in the weeks following President Donald Trump’s January inauguration, as speculative appetite cooled and momentum faded across the board.

Momentum is once again rebuilding as traders dip back into the meme coin market.

Pepe (PEPE), one of the largest tokens in the meme category by market cap, has jumped 11.6% in the past 24 hours, with daily volumes topping $2.3 billion, according to CoinGecko. 

The Solana-based Dogwifhat (WIF) climbed 11.4% over the same period, while Floki (FLOKI) and Bonk (BONK) gained 9.4% and 10.4%, respectively.

Fartcoin (FARTCOIN), a well-known entrant in the category, also saw a 10.7% rise, suggesting broad-based interest across the segment.

The moves come amid a broader resurgence in crypto markets. 

Bitcoin traded above $106,000 on Sunday, near all-time highs, while inflows into spot Bitcoin ETFs in the U.S. have strengthened over the past two weeks. 

Analysts at QCP Capital said in a recent note that digital assets are “positioned for further upside” as passive flows into crypto products increase and inflation discussions return to the fore.