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Dogecoin, Shiba Inu, Pepe Open Interest hits record high, bulls target double-digit rise

Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) trade in the green on Friday, extending their weekly gains as the broader cryptocurrency market recovers with Bitcoin (BTC) holding above $120,000. The total market capitalization of meme coins reaches $85 billion amid improving market sentiment and an increase in altcoins’ market cap, signaling the next potential altcoin season on the horizon.

DOGE, SHIB, and PEPE dominate the top three ranking in the meme coin segment, with market capitalizations of $35.44 billion, $8.98 billion, and $5.85 billion, respectively. Based on the 2021 capital rotation cycle from Bitcoin to altcoins (altseason), the top three meme coins could outperform the broader market.

Dogecoin, Shiba Inu, Pepe Open Interest hits record high, bulls target double-digit rise

Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) trade in the green on Friday, extending their weekly gains as the broader cryptocurrency market recovers with Bitcoin (BTC) holding above $120,000. The total market capitalization of meme coins reaches $85 billion amid improving market sentiment and an increase in altcoins’ market cap, signaling the next potential altcoin season on the horizon.

DOGE, SHIB, and PEPE dominate the top three ranking in the meme coin segment, with market capitalizations of $35.44 billion, $8.98 billion, and $5.85 billion, respectively. Based on the 2021 capital rotation cycle from Bitcoin to altcoins (altseason), the top three meme coins could outperform the broader market. 

https://www.fxstreet.com/cryptocurrencies/news/dogecoin-shiba-inu-pepe-open-interest-hits-record-high-bulls-target-double-digit-rise-202507180717