The post Why this California Meme Coin Ruling Could Trigger a DOGE, SHIB And Pepe Coin Rally appeared on BitcoinEthereumNews.com.

The hype around meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) has faded over the last three months. Due to less buzz around these coins, the total meme coin market cap has dropped by 16% in the last three months to $36.28 billion at press time. However, the recent dismissal of a class-action lawsuit could shift the tide for the price of DOGE, SHIB, and PEPE. Meme Coins Score Regulatory Win in California Court A California judge has ruled that a meme coin dubbed JENNER is not a security. This meme coin was launched by a former Olympian known as Caitlyn Jenner, who was being accused of offering unregistered securities. In the ruling, Judge Stanley Blumenfeld said that the meme coin did not meet all the requirements necessary for it to be classified as a security. He said the investors did not agree to share profits and losses, and they did not contribute any resources as a form of capital or investment. The judge’s ruling mirrored a statement that the SEC released in February last year regarding the regulatory status of meme coins, clarifying that they are not securities. Regulatory wins such as the recent one in California usually have a bullish effect on DOGE, SHIB, and PEPE prices. For example, in late February last year, after the SEC’s guidance on meme coins, Dogecoin price registered an over 20% surge within a few days. DOGE Price Targets $0.112 if Resistance Breaks DOGE price traded at $0.097 at press time with a 1.7% intraday loss. It is targeting a breakout rally to $0.112, but this will only happen if the resistance at $0.10 breaks. Dogecoin has been attempting to break this resistance level for the last two months without much success. The $0.10 resistance also doubles up…

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Filed under: News - @ April 18, 2026 10:25 am