The post Memecoins rebound surging 30%+ as Bitcoin ATH fuels gains amid DeFi rebound appeared on BitcoinEthereumNews.com.

A rally in the crypto market, pushing Bitcoin to a new all-time high above $121,000 on July 9, has ignited substantial gains across a range of altcoins, with memecoins and select DeFi tokens posting daily increases exceeding 30%. The broad market uplift comes as Ethereum also shows strength, crossing the $2,780 mark with a 6% gain, buoyed by institutional interest and anticipation of future network upgrades. This market-wide optimism has proven particularly potent for meme-based tokens, which often act as high-beta plays on the general crypto sentiment. The Solana ecosystem saw multiple memecoins in the top performers list, including Popcat (POPCAT) and dogwifhat (WIF), which rose over 15% and 13% respectively. Other notable gainers in this category include Brett (BRETT) on the Base network, Snek (SNEK) on Cardano, and MOG Coin (MOG) on Ethereum, all posting double-digit percentage increases. The momentum is not isolated to smaller tokens; Pudgy Penguins (PENGU), a project with roots in the NFT space, surged over 30%. On-chain data reveals significant whale accumulation for PENGU, coupled with a surge in demand from South Korean markets and chatter around a potential ETF filing, which appear to be key drivers of its performance. Another memecoin, Banana For Scale (BANANAS31), experienced a more than 26% jump, fueled by a massive increase in trading volume that pushed it to a new all-time high. Biggest Gainers snapshot as of press time Beyond the speculative fervor surrounding memecoins, decentralized finance protocols also demonstrated a strong recovery. Euler (EUL), a lending protocol, saw its token price climb over 12% to a new peak. This move follows the project’s recent integration with BlackRock’s tokenized asset fund, BUIDL, and the announcement of its forthcoming “EulerSwap” on Unichain, signaling renewed investor confidence. Similarly, Compound (COMP), the veteran DeFi lending platform, registered an 11% price increase. Its…

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Filed under: News - @ July 10, 2025 1:29 pm