Memecoins rode the broader cryptocurrency market rally on Tuesday, extending their impressive run this year.
Memecoins Rejoice On Crypto Bill Progress
Frog-themed Pepe lifted over 18%, claiming the top spot among large-cap gainers. The Ethereum (CRYPTO: ETH)-based memecoin has rallied nearly 70% since the beginning of the year.
Solana (CRYPTO: SOL)-based Bonk (CRYPTO: BONK) followed Pepe with a 14% uptick, stretching its year-to-date returns beyond 56%.
Dogecoin, the world’s largest memecoin, joined in, rallying over 8% in the last 24 hours, while Shiba Inu (CRYPTO: SHIB) lifted 5.80%. The two heavyweights are up more than 25% year to date.
| Cryptocurrency | 24-Hour Gains +/- | YTD Gains +/- | Price (Recorded at 8:20 p.m. ET) |
|---|---|---|---|
| Pepe (CRYPTO: PEPE) | +18.27% | +68.31% | $0.000006781 |
| Bonk (CRYPTO: BONK) |
+14.17% | +56.08% | $0.00001165 |
| Floki (CRYPTO: FLOKI) | +9.01% | +24.87% | $0.00005518 |
| Dogecoin (CRYPTO: DOGE) | +8.51% | +26.62% | $145.52 |
| Official Trump (CRYPTO: TRUMP) | +6.78% | +19.45% | $5.73 |
The total memecoin market capitalization expanded 8.19% in the last 24 hours to $47 billion. Such levels were last seen two months ago.
Can Memecoins Stage A Lasting Comeback?
The upsurge came after the Senate Banking Committee released a draft bill for the cryptocurrency market structure bill, which will treat altcoins the same way regulators currently treat Bitcoin (CRYPTO: BTC), as commodities, not securities.
After the bloodbath in 2025, bulls are crossing their fingers for a memecoin rally that actually sticks around.
The total memecoin capitalization collapsed from $94.92 billion to $37.79 billion last year, marking a 60% decline.
Photo Courtesy: DennisF on Shutterstock.com
