Meme coins such as PEPE, WIF, and BONK are experiencing strong growth due to key developments in the crypto market. Analyst Miles Deutscher identifies two catalysts for this dominance: the stability in Consumer Price Index (CPI) and the re-listing of PEPE on exchanges like Robinhood and Coinbase.
The CPI recently registered stable inflation at 2.6%, aligning with market expectations. This stability reassures investors, encouraging them to take on more risk, benefiting meme coins. Historically, meme coins thrive in such environments, attracting retail investors during bullish cycles.
The re-listing of PEPE on major platforms like Robinhood and Coinbase increases its accessibility, marking a milestone amid changing regulatory attitudes. This development indicates renewed confidence and potential for mainstream traction, appealing to a wider retail audience.
Deutscher highlights these factors as driving meme coins forward, with implications for price discovery and market optimism. As meme coins attract both retail and institutional attention, their dominance in the high-return segment of the crypto market may persist.
