Bitcoin remains stagnant, and the market is so dull it's moldy. No one expected that it would be the Meme coins, these "troublemakers," that would break the deadlock first.

DOGE, SHIB, PEPE—these once-mocked "joke coins" have been acting up lately, with weekly gains soaring over 60%, and the total market capitalization surpassing $47.7 billion. Even more outrageous, daily trading volume has surged by 300%, and market heat is at its peak. Honestly, this rally is a bit unexpected.

**Why can Meme coins steal the show?**

This all started with last year's crash. The entire sector shrank by over 65%, with prices hitting rock bottom. Taking advantage of Bitcoin's inactivity, some speculative funds shifted to more volatile assets for excitement. Besides BTC, the total market cap of other cryptocurrencies is testing critical resistance levels; once broken, it could open new space for smaller coins. Sector rotation signals are becoming increasingly obvious.

There are several details worth noting about this rise: Meme coins across various public chains are all increasing, forming a collective effect. On-chain data and social media buzz are rising in sync, indicating genuine capital inflow. But this also means derivatives leverage positions are increasing rapidly, and the risk of amplified volatility is significant.

**How to judge the follow-up?**

Optimists see this as a prelude to a bull market, while conservatives suspect it might be another "emotional trap." Frankly, the key question is how long this Meme coin rally can last. It could either mark the start of a new bull run or just be another early-year frenzy that resets in a week.

The old advice still applies: be cautious with leverage, and keep a clear head.