Crypto Express
07/11 04:34
Risk on, BONK out?
Risk on, BONK out? Is PEPE gearing up to lead the next cycle?
PEPE underperformance has been in sharp contrast to BONK’s, with the latter leading the market’s legacy memecoins. It’s being driven by Bonk.fun-fueled momentum. However, with risk appetite returning, is capital rotation about to flip the setup?
After weeks of range-bound chop, the memecoin market has snapped back to life. At press time, it had reclaimed the $60 billion market cap, rising by 7.10% with the 24-hour volume up by nearly 80%.
In fact, BONK has emerged as the clear outlier among legacy memecoins, posting 30% monthly gains. On the contrary, peers like PEPE might be lagging behind.
Does this divergence have staying power though? If risk appetite sticks, could PEPE be gearing up for a relative breakout, ready to ride the next wave of capital rotation into memecoins?
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