- Memecoins again dominate headings such as Pepe and WIF spearhead a strong sector -wide rally.
- This strength is in line with a broader athlete in crypto market activity.
While the wider crypto market dips 1.41%, Memecoin sector Bucks the trend. It is up 7.28% at the press time and now sits at a substantial $ 71.14 billion in market value.
This type of divergence has historically suggested at the beginning of a “memecoin super bike”, where speculative momentum goes parabolic.
According to Ambcrypto, several indicators suggest early stage that the installation is “much in the game.”
Pepe and wif lead speculative rotation
The Memecoin space is crowded, but a couple of heavy finds lead the package.
From the press time, Pepe (pepper) has risen 77% month to date, while Dogwifhat (WIF) Has surpassed with an impressive profit of 130% during the same period.
The critical breakout window was from May 9 to 17. While Bitcoin chopped sideways between $ 102K -$ 105K, WIF drew a clean 50%+ movement, which has recovered the $ 1 mark for the first time since the end of January.
At the same time, Pepe pushed through his supply wall of $ 0.000015 and achieved almost a 30% profit, which signaled strong spot needs and accumulation.
According to Ambcrypto, this price action reflected classic speculative rotation. That capital moves out of Bitcoin and to high-beet-Meme assets.
Rinse forward now: Both assets cool down. WIF’s down 21.65%, Pepe slid 13.68% on week-type recall after rally. But the installation remains interesting.
Memecoin sector blinks super bike signal
Risk-off feel has resurrected as Bitcoin (BTC) encountered a liquidity prescription, which resulted in a sharp 3.21% intradagal feedback to $ 103,000 at the press time.
This liquidity stress has triggered a rotation of capital from the crypto market, with investors actively submerged. Evidence of this is clear in WIF’s 10.26% reduction in open interest (OI).
Despite the macro-thief winds, smart money continues to be selectively gathered in high-beet-memecoins.
A remarkable Pepval withdrew 420 billion tokens to $ 0.00000132, and pushed their total holdings in the exchange at 2.21 trillion Pepe in under 72 hours. Interestingly, the best WIF wallets that hold over 10,000 tokens have also seen a noticeable Uptick.
Source: Glassnode
This kind of attitude Historically preceded a memecoin “Super bike” -A phase where Bitcoin’s choppy structure drives capital to “high risk, high reward” assets.
Inflows in smart money are often the earliest signal, and right now that signal flashes again.
