Amid Broader Market Stagnation, Meme Coins Emerge as Top Performers, with Brett Leading the Way

While major cryptocurrencies like Bitcoin and Ethereum have remained relatively stable over the past 24 hours, Brett (BRETT) has surged by 7%, Pepe (PEPE) by 6%, and Bonk (BONK) by 4%.

Amidst a broader market stagnation, meme coins are emerging as top performers, with Brett, a token on the Base chain, leading the way.

While major cryptocurrencies like Bitcoin and Ethereum have remained relatively stable over the past 24 hours, Brett (BRETT) has surged by 7%, Pepe (PEPE) by 6%, and Bonk (BONK) by 4%. This performance places them among the top six gainers in the top 100 cryptocurrencies by market capitalization, with Brett securing the top spot.

Meme coins are performing better.

Over the past week, Brett has also led the pack, soaring by an impressive 51%. To provide context, the second-largest gainer in the same timeframe is Injective (INJ), which saw a modest 10% increase. In contrast, Bitcoin and Ethereum have experienced declines of 4% and 6.5%, respectively, over the past seven days.

While Brett has enjoyed a stellar week, other prominent meme coins have not fared as well. Dogecoin (DOGE) price has dropped by 13% to $0.1405, Shiba Inu (SHIB) has decreased by 14.5%, Dogwifhat (WIF) has plummeted by 23%, and Floki (FLOKI) has fallen by 27%.

As of now, Brett is priced at $0.1673 on Gate.io and has seen nearly $130 million in trading volume over the past 24 hours.

Inspired by Matt Furie’s comic series “Boy’s Club”—the same series that introduced Pepe the Frog—Brett is marketed as Pepe’s “best friend.” According to the official website, Brett is a “dancer and loves video games.”

Last week, Brett surpassed a $1 billion market cap after a single-day increase of 24%. Currently, the token boasts a market cap of $1.7 billion, making it the 67th largest cryptocurrency on CoinGecko. It is now on the verge of surpassing its Solana-based competitor, BONK, which is just $200 million ahead in market cap.

Meanwhile, PEPE, a meme coin dedicated to Brett’s more famous friend, has a market cap of $5.6 billion, ranking it as the 23rd largest cryptocurrency and the third largest meme coin.

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