Pepe

Bonk

Shiba Inu

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Meme cryptocurrencies are surging on increased trading volume, while digital assets are recovering from a choppy weekend. Pepe (PEPE), one of the most popular meme coins on Ethereum (ETH) and Arbitrum (ARB), almost reached double-digit gains.
<h2 id="pepe-shib-floki-outperfom-top-100-benchmark">PEPE, SHIB, FLOKI outperfom top 100 benchmark</h2>
Today, on May 13, 2024, out of all of top 100 cryptocurrencies by market capitalization, the largest meme coins demonstrate the best 24-hour performance. Pepe (PEPE) is the undisputed leader with almost 10% growth. <img alt="Meme coins leading crypto recovery" data-entity-type="file" data-entity-uuid="380fd79d-5283-4763-8a4d-89151aaa29f4" src="https://u.today/sites/default/files/inline-images/48255_1.png">Image by <a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow">CoinGecko</a>
Floki (FLOKI), another popular dog-themed cryptocurrency, demostrates a similar growth rate, while Shiba Inu (SHIB) managed to add 7.4% overnight.
Dogecoin (DOGE), the largest meme crypto by capitalization and the only "dog coin" in the top 10 biggest cryptocurrencies, has surged by 5.6%. Its capitalization exceeded $21 billion.
The upsurges of Bonk (BONK) and Dogwifhat (WIF) should also be mentioned: the coins surged by 6.7% and 3.6%, respectively.
By contrast, as covered by U.Today previously, during the weekend, all large meme coins underperformed compared to the market's benchmark.
<h2 id="meme-coin-related-segments-are-trending">Meme coin-related segments are trending</h2>
To provide context, the crypto market as a whole added only 1.7% overnight, while Bitcoin (BTC), the largest cryptocurrency, jumped by 2.7%.
In terms of the altcoin segment, spheres associated with meme coins demonstrated notable growth rates in 24 hours.
Only surpassed by AI cryptocurrencies, cat-themed coins added 14.5% in 24 hours. The spike is driven by local rallies of POPCAT, MOG and minor cat coins.
Meme coins and dog-themed coins are the foutth and fifth fastest growing segments, CoinGecko data shows.

SHIB, PEPE, FLOKI, BONK: Meme Coins Amid Best Performers

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