fxstreet.com
- $PEPE is among top gainers in the market as it's on the verge of claiming key support zone.
- $FLOKI, $WIF and $MOG post over 20% gain, offsetting previous losses.
- The meme coin sector is up more than 12% following the market recovery.
Meme coins are leading the crypto market again as the ripple effect of Bitcoin's recovery is flowing across major crypto categories. $PEPE, $WIF, $FLOKI and $MOG are at the forefront of the recovery, elevating their daily performance above the 20% mark on Monday.
$PEPE, $WIF, $FLOKI, $MOG lead market are largest gainers
After a heavy bloodbath across the meme sector in the past few weeks, the recent market recovery has seen several meme coins stage a comeback in the past 24 hours.
$PEPE skyrocketed by 22%, bringing its weekly performance to a 17% gain. The recent rise has seen $PEPE approach a prior accumulation zone, where investors purchased about 58.6 trillion $PEPE for an average price of $0.000011. With the bullish sentiment gaining strength, investors are less likely to sell to breakeven around this zone; hence, it may serve as a critical throwback support level if $PEPE manages to surpass it.
dogwifhat ($WIF) soared over 22%, extending its weekly rise to over 24%. The rise saw $WIF strengthening its place as the number one Solana meme coin after BONK temporarily took its spot last week.
$MOG rallied over 20% to reach a new all-time high earlier today after a 73% weekly run that saw it break into the top 100 cryptos by market capitalization. Notably, whales have been on a $MOG buying spree in the past week. Before hitting a new all-time high, Lookonchain data showed that wallet 0x7Afc withdrew 528.9 billion $MOG worth $1.1 million while 0xE76c spent 709,884 USDC to buy 284.2 billion $MOG.
$FLOKI also joined in the rally, shooting above 20%, taking its weekly gains to 27%.
The meme sector has risen nearly 13% in the past 24 hours as these tokens continue their strong rally.