PEPE and FLOKI prolong positive factors as memecoins tease bull run

• Pepe worth is up 80% this previous week and over 140% in 30 days.
• FLOKI has jumped 36% this previous week and 53% within the final 30 days.

Pepe (PEPE) was the standout memecoin this previous week, rising greater than 80% to succeed in a brand new all-time excessive of $0.0000169 on Might 27. In the meantime, Floki (FLOKI) has surged to $0.0002656 amid recent momentum within the memecoin market.

PEPE and FLOKI lead meme cash up

PEPE worth is up 14% prior to now 24 hours, bringing 30-day positive factors for the meme coin to 140%. Pepe has outperformed prime meme cash over this era.

The 24-hour buying and selling quantity of Pepe stood at over $1.8 billion on the time of writing. Apart from the stablecoins USDT, USDC and FDUSD, Pepe’s quantity is fourth-largest behind Solana, Ethereum and Bitcoin.

The upside sees Pepe cement its place because the third-largest meme coin by market cap. At $7.1 billion, it’s greater than double that of Dogwifhat ($3.1 billion) however behind the highest two of Shiba Inu and Dogecoin at $14.6 billion and $24 billion respectively.

Elsewhere, FLOKI worth is up 18% prior to now 24 hours and 53% prior to now two weeks to hit highs final seen in March 2024.

The uptrend is solidifying as buyers eye prime meme cash. Coinbase asserting assist for FLOKI perpetual futures has catalysed additional curiosity forward of itemizing on Might 30.

Can FLOKI journey this and different catalysts to succeed in a brand new all-time excessive? Bulls seem in management.

Learn extra: Analysts bullish on Floki as Pepe and Bonk rally.

Crypto upbeat forward of US election

The previous week was largely constructive for cryptocurrency after main regulatory-related developments within the US. The SEC accredited spot Ethereum ETFs and lawmakers handed key crypto payments that consultants say recommend a flip within the regulatory panorama.

Former US president Donald J. Trump’s current remarks about crypto has buoyed sentiment, propeling PolitiFi tokens.

Whereas ETH worth consolidated above $3,700 after the ETF information, it has climbed above $3,900 on Monday, and will eye a brand new excessive amid bullish predictions for Bitcoin (BTC) and the altcoin market.

On this case, its seemingly PEPE and FLOKI’s worth positive factors are simply getting began.

Different memecoins making waves out there at this time are Bonk (BONK) and MAGA (TRUMP) – the latter surging by greater than 25% prior to now 24 hours to succeed in a brand new all-time excessive above $13.