PEPE surges 10% as memecoin sets its sights on 2024 highs

Key Takeaways

PEPE’s rally lifted profitable holders to roughly 68%, fueling talk that a Q4 2024-style surge could be brewing.

The memecoin market reclaimed the $80 billion mark, led by Dogecoin [DOGE] at $35 billion, Shiba Inu [SHIB] at $7.9 billion, and Pepe[PEPE] at $5.1 billion.

Ethereum-based memecoins drove the push as ETH reclaimed the $4,000 level. Naturally, PEPE rallied 10.8% in the past 24 hours to $0.00001237, at press time, per CoinMarketCap.