It’s been a great start to the week for meme coin traders.

DogWifHat (WIF), Solana’s biggest meme coin, has seen its price jump 20% in the past 24 hours.

Traders are also paying attention to Pepe Unchained (PEPU) – with many speculating that it could be next to explode after its presale ends.

DogWifHat Price Spikes – Is the Rally Just Getting Started?

WIF’s price surge has meme coin traders buzzing.

Since yesterday, WIF has jumped to $2.70, a level it hasn’t hit since late July.

This jump brings WIF’s price up 92% over the past month – a massive gain for anyone holding the token.

WIF is now approaching resistance around $2.85.

However, the token’s momentum is strong, with spot volumes up 154% to $647 million in the past 24 hours.

That makes WIF the third most traded meme coin right now.

Futures markets are picking up too, with open interest jumping 33% to $383 million.

Interestingly, there doesn’t seem to be a clear reason behind this sudden rise.

WIF appears to be capitalizing on the broader market’s momentum, with traders beginning to speculate on the token again.

However, as has been seen before, WIF can be highly volatile.

For that reason, traders are watching closely to determine whether this is just a temporary spike or the beginning of an extended uptrend.

Meme Coin Market Turns Green as Bitcoin Price Pumps

The meme coin market is seeing a lot of green right now.

Dogecoin is up 4% since yesterday, Pepe has jumped 13%, and Popcat surged 18%.

The biggest gainer has been First Neiro on Ethereum – shooting up by over 50%.

These rallies have pushed the total meme coin market cap past $51 billion, with spot trading volumes spiking to $5.9 billion.

But what’s fueling all this excitement?

It seems to be linked to Bitcoin’s price movements.

After dipping to $60,000 last Thursday, Bitcoin has bounced back abo