Global #Bonk

Once again, meme coins are dominating the narrative as the crypto market enters the second phase of the bull cycle, overshadowing even Bitcoin's return to the $71,000 range.

Following the market recovery between May 3 and 4, memecoins once again stole the spotlight. As expected, dogwifhat [WIF] led the pack with a 20.58% increase over 24 hours. Dogecoin (DOGE) also saw a rise of 13.80%, while Pepe (PEPE) experienced a 12.93% increase.

Homo Pepe (HOMPEPE), like Shiba Inu (SHIB) and Bonk (BONK), has the potential to become a viral memecoin.

A trader situated in Solana has made significant profits from trading different tokens with meme themes on the Solana blockchain, according to a report published on April 26 by blockchain analysis company Lookonchain.

During this bullish market cycle, the meme coin sector has become a prominent topic of discussion, driven by the rapid price surges of numerous assets within this category.

There is a notable increase in the value of meme coins in the cryptocurrency market, with Dogwifhat, Floki, and Bonk experiencing substantial gains.