Meme Coins Surge: PEPE, BONK Lead Outperformance Amidst Market Dip

Meme coins are defying the overall market downturn today. While the cryptocurrency segment as a whole is experiencing a dip due to geopolitical tensions, meme coins like Pepe (PEPE) and Bonk (BONK) continue to soar in popularity. PEPE and BONK have seen notable gains over the past 24 hours, with PEPE rising by 4% and BONK achieving a surge of 3.5%, respectively. This success is attributed to factors such as expanding DeFi applications and increasing institutional investments, according to analysts.