Crypto Update: Meme Coins Steal Spotlight as Bitcoin Reaches $71K

• PEPE has soared by 63.63% to reach $0.00001467, setting a new all-time high.
• Similarly, Solana meme coins BONK, WIF, and BOME, surged by over 30%.
• However, Shiba Inu shoulders a 3% loss in the cumulative seven-day trajectory.

The meme coin landscape is once again leading the narrative as the crypto market enters the second phase of the bull cycle. With Bitcoin returning to the $71K range, some meme coins have taken the spotlight from Bitcoin, registering significant double -digit percentage growth.

Take PEPE, for example, which was trading at a mere $0.000008947 just a week ago. Today, it has skyrocketed by 63.63% to reach $0.00001467, setting a new all-time high.

Similarly, Solana’s premier meme coin, BONK, sold for $0.00002367 on May 16. By May 23, BONK had achieved a 46.39% rally that took its market value to $0.00003465.

Dogwifhat (WIF) and BOME, other prominent meme coins in the Solana ecosystem, have recorded a similar 30% uptick in their seven-day trajectory. Meanwhile, Shiba Inu, the second most valuable meme coin, has been on the sidelines while WIF, BOME, PEPE, and BONK surged.

Currently, Shiba Inu bears a 3% loss in the cumulative seven-…

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