Memecoins are back in the spotlight.
Six of the top 10 best-performing cryptocurrencies in the past 24 hours are memecoins — including $DOGE , SHIB, PEPE, FLOKI, $BONK , and $BRETT — signaling a sharp return of risk appetite across the crypto market.
Historically, memecoins tend to move first when liquidity returns. In past cycles, explosive meme rallies often preceded broader gains in major assets like Ethereum and Bitcoin, acting as early indicators of market momentum.
This time, the surge comes amid global rate cuts from both the U.S. Federal Reserve and China’s central bank — a macro backdrop that typically favors high-risk, high-reward assets like crypto.
Traders increasingly view memecoins as leveraged bets on major blockchains — for example, BONK as a high-beta play on Solana, or PEPE as a speculative proxy for Ethereum sentiment.
Still, memecoins alone don’t sustain bull markets. For this rally to continue, analysts say BTC and ETH must follow with strength and higher lows.
📊 Bottom line:
Memecoins may not drive the market — but when they surge, they often signal that something bigger could be warming up.