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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
04/12/2026

Meme Tokens Drive Market Momentum with PEPE Surging 67%

The global crypto market cap reached $3.

Meme Tokens Drive Market Momentum with PEPE Surging 67%

What happened: The global crypto market cap reached $3.16 trillion (+1.5%) with meme tokens leading gains. PEPE jumped 67% while Virtuals Protocol gained 24% and Render Network climbed 17%. Major tokens showed modest gains with Bitcoin at $93,000 (+2%) and Ethereum at $3,175 (+1%) according to the report.

Why it matters: The outsized performance of meme tokens and AI-related cryptocurrencies suggests retail interest remains concentrated in higher-risk, narrative-driven assets. This pattern often indicates market rotation away from blue-chip crypto assets toward more speculative plays, potentially signaling a shift in market sentiment.

Source: Decrypt