Dogwifhat Leaps 20%, Dogecoin, Shiba Inu Climb As Memecoins Spike After Trump Announces Iran-Israel Ceasefire

Memecoins erupted Monday as the cryptocurrency market made a sharp recovery following President Donald Trump’s ceasefire announcement in the Iran-Israel conflict.

What happened: Solana (CRYPTO: SOL)-based Dogwifhat led the gains, jumping more than 20% in the last 24 hours to become the market’s third-most successful cryptocurrency. The coin’s volume popped 75% to $518 million, indicating high trader interest and liquidity.

Bonk, another Solana-based memecoin, lifted more than 13%, while Ethereum (CRYPTO:

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