Memecoins added $3 billion in market cap in one day, led by PEPE’s 23% surge and the buzz around the MemeMax_Fi DEX, hinting at a possible "meme season" underway. Memecoins like Pepe (PEPE), Bonk (BONK), and Dogecoin (DOGE) were among the best-performing cryptocurrencies on Friday, posting significant gains as the market geared up for 2026. Key takeaways: Memecoin market cap surged 8% to $39.45 billion, a two-week high, signalling strong demand. Read more
About 30% of the initial PEPE supply was bundled under the same entity, which sold $2 million worth of tokens the day after launch, according to Bubblemaps. Blockchain data is casting doubt on the “for the people” launch narrative of memecoin Pepe, with new analysis suggesting that almost a third of the initial supply was held by a single entity and contributed to heavy early selling pressure. About 30% of the Pepe (PEPE) token supply was bundled at launch in April 2023, blockchain data visualization platform Bubblemaps claimed on Wednesday in a post on X, adding that investors were “lied to.” The same wallet cluster sold $2 million worth of PEPE tokens the day after launch, adding significant sell pressure that stopped the token from surpassing the $12 billion milestone, according to Bubblemaps. Read more