The Bitcoin price hitting the $100,000 landmark made the meme coin supercycle inevitable, and it now seems to be underway.

Whales are aggressively accumulating top meme coins, now joined by a surge of retail investors drawn back into the crypto market by Bitcoin’s rise to $100k.

The meme coin market capitalization is up by 6% on Sunday and several top tokens like Pepe (PEPE) have already reached a new all-time high. Solana meme coins Popcat, WIF, and PNUT have also formed a local bottom and are breaking out of key resistance levels.

New meme coins like Catslap are also in high demand. The SLAP price is already up by 6000% since its launch, with some prominent investors still eyeing major returns.

Pepe, Dogwifhat, PNUT Prices Explode – Time to Go All in on Meme Coins?

The top Ethereum meme coin Pepe (PEPE) is leading the current meme coin rally, reaching a new all-time high of $0.00002644 in early Sunday hours. The rally saw the top frog-themed meme coin surge past the $11 billion mark.

The token has since corrected to $0.00002477 but appears poised for a bullish continuation, considering it has breached its multi-week resistance trendline.

Pepe’s daily trading volume has also impressed experts. Being available for trading on Tier-1 exchanges like Binance, Coinbase and Dogwifhat, it is currently seeing a volume of over $7.6 billion, the 6th highest of any cryptocurrency on CoinMarketCap.

Some analysts like Crypto Bratan are extremely bullish on Pepe’s short-term upside, projecting it to hit the $20 billion mark before the year-end.

$PEPE CLOSED A CLEAR DAILY CANDLE ABOVE ALL RESISTANCE!!! $PEPE 20B MARKETCAP WITHIN 9 DAYS

AND WITH IT THE INEVITABLE FLIP OF $SHIB BY