Shiba Inu, Pepe Outgain Bitcoin As Memecoins Usher In Comeback Rally

Memecoins were trading higher late Monday, as investors regained interest in speculative assets amid a broader crypto rally.

The Biggest Gainers

Dogwifhat popped over 6% to become one of the market’s biggest gainers in the last 24 hours. The rally helped the Solana (CRYPTO: SOL)-based token pare its losses from the “Black Friday” bloodbath.

Bonk, another Solana-based memecoin, jumped over 5%, while Ethereum (CRYPTO: ETH)-based tokens such as Floki and Pepe also recorded significant spikes.

Meme heavyweight Shiba Inu lifted 1.75%, while Dogecoin (CRYPTO: DOGE) was largely unchanged at last check. …

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