Benzinga – The memecoin market exploded on the first sign of a broader market recovery Tuesday, resulting in significant gains for both mainstream and smaller cap coins.
What Happened: The overall market cap of memecoins surged 12.37% to $49.6 billion in the last 24 hours, led handsomely by blue-chip Ethereum (CRYPTO: ETH)-based coins like Pepe, Dogecoin, and Shiba Inu.
Frog-themed PEPE was the best-performing memecoin in the last 24 hours, logging gains of more than 14%. The token was also the most traded among meme tokens, with a volume exceeding $1 billion.
| Cryptocurrency | Gains +/- | Price (Recorded at 10:45 p.m. EDT) |
| Pepe (CRYPTO: PEPE) | +14.17% | $0.00001315 |
| Dogecoin (CRYPTO: DOGE) | +5.58% | $0.1275 |
| Shiba… Read More |