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Meme Coins Surge on Risk Appetite Rebound

Guavy AI Editorial Team
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BTC ETH DOGE SHIB PEPE BONK DOG
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Meme coins are gaining momentum as risk appetite returns to the crypto market. Bitcoin's price surge above $82,000 has lifted investor confidence, causing a rebound in meme coin prices.

The total market capitalization of meme coins rose by 15% week-over-week (WoW), outpacing core assets like BTC and Ethereum. Dogecoin (DOGE) led the pack with a 7% gain, followed closely by Shiba Inu (SHIB) and Pepe (PEPE).

SkyAI (SKYAI) emerged as a new player in the meme market, surging 250% WoW to reach a market capitalization of nearly $800 million. However, industry insiders, including a BONK contributor, warned that this rally may not be sustainable.

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