Recently, the Meme coin market has continued to heat up, with the top Meme coins DOGE, PEPE, and TURBO taking turns to strengthen. What underlying logic is hidden behind this?

**DOGE Demonstrates Its Kingly Style Again**

Dogecoin is surging fiercely, breaking through $0.14 in a single day, with daily trading volume soaring to $110 million. On-chain data shows that whales are quietly accumulating, and the launch of a futures product on a compliant trading platform has further boosted market enthusiasm. Interestingly, the Argentine government has started to support DOGE for tax payments, indicating increasing institutional recognition. Technical analysis is also strong, with bullish divergence forming, key resistance levels being broken across the board, and market capitalization approaching the $22 billion mark. Although the 12% daily increase seems moderate, it reflects sustained capital inflows behind the scenes.

**PEPE Community Buzzing with Excitement**

PEPE's performance is even more aggressive. The community slogan "We start at dawn" has gone viral across the internet, with 24-hour trading volume surging by 370%, and a single-day increase of 39%. Even more astonishing, the community has shorted 2.6 million PEPE in 24 hours, and today it rose another 18%. What does this indicate? Strong community consensus and capital-driven momentum are behind it. The community has declared 2024 as the "Year of Meme," and it's not just talk.

**TURBO Rising Steadily**

Although TURBO's attention is slightly less, a 14% single-day increase combined with the theme activity "Year of the Toad" is gradually attracting capital inflows. After integrating AI tools, community activity has significantly increased, and trading volume data reflects rapid capital rotation among various Meme coins.

**Risk Reminder**

The Meme coin market is highly volatile, and high returns always come with high risks. Conduct thorough research (DYOR) before participating, and always keep risk awareness in mind when riding the wave.