Ethereum’s resurgence is benefiting meme coins like FLOKI and BONK, which saw gains of 40% and 16% respectively. Meanwhile, PENGU and PUMP have experienced losses of 8% and 21%, reflecting a shift in trader sentiment.
The meme coin market capital has increased by 6%, approaching $80 billion. The overall altcoin market capitalization has risen to $1.42 trillion, indicating a capital shift from Bitcoin to altcoins, driven by increased institutional interest.
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