Foreign media reports that PEPE and BONK have both surged by over 14% in the past 24 hours, significantly outperforming Bitcoin and most mainstream crypto assets. The article argues that this surge is not driven by news from a single project, but rather by a return of funds to more volatile assets as market risk appetite recovers.
Funds flow back to highly volatile assets
The article mentions that after Bitcoin held key support and overall volatility stabilized, some funds began shifting from large-cap assets to more resilient meme coins. At the same time, trading volume in the sector increased, and discussion on social media platforms rebounded, indicating a recovery in retail investor participation.
Foreign media, citing analysts, noted that this combination of "improved liquidity + increased participation" often appears in the early stages of a speculative rally. However, the article also pointed out that it is too early to conclude that a new, comprehensive MME coin rally has begun.
BONK benefited from Solana's mood-restoring properties.
In terms of specific cryptocurrencies, BONK is considered a major beneficiary within the Solana ecosystem in this rebound. The article states that as market optimism regarding the Solana ecosystem recovers, BONK has received more buying support, and this surge is accompanied by increased trading volume and improved liquidity, indicating it's not just driven by short-term sentiment.
According to the article, BONK previously rebounded from the lower edge of a long-term downward channel and is currently approaching the resistance zone around $0.0000055 to $0.0000058. A break above this range could further intensify market expectations for its subsequent price action.
PEPE remains a focal point for the Ethereum ecosystem.
The article argues that PEPE remains one of the most representative meme coins in the Ethereum ecosystem. With speculative demand rebounding, PEPE continues to attract high trading volume within the sector, and buying power has strengthened compared to the sideways trading phase of the previous few weeks.
The article mentions that PEPE has also recently rebounded from the lower edge of its long-term downward channel, gradually forming higher lows. The current focus is on the $0.0000032 to $0.0000034 range. A move above this level could further improve market sentiment; otherwise, prices may continue to consolidate within the existing range.
The future direction remains to be seen, depending on Bitcoin and trading volume.
The article argues that whether Meme Coin can move from a short-term rebound to a broader recovery depends on the broader market environment. Historically, such assets tend to attract sustained capital inflows only after Bitcoin has entered a relatively stable range.
Foreign media reports suggest that the next few trading sessions will be crucial. If PEPE and BONK continue to show strong trading volume and price performance, the popularity of meme coins may spread further.
