Ethereum is Ushering in a New Era of Meme Coins
Ethereum’s dominance has strengthened again and is the main driver of a new trend in the meme coin market.
The meme coin market cap increased by around 6%, driven by the surge in Ethereum prices and the renewed institutional interest in ETH-based crypto assets.
Altcoin Capitalization Nears Trillions
According to information we cited from Beincrypto, in line with the rise in meme coins, the overall altcoin market is now approaching a capitalization of US$1.42 trillion — its highest level since February.
This indicates that a wave of capital is moving from Bitcoin to alternative assets.
Excitement Flows to FLOKI, BONK, FART
Investors are shifting funds from weaker tokens like PENGU and PUMP to other meme coins like FLOKI (up around 40%), BONK (+16%), Fartcoin (+18%), and PEPE (+5%).
DOGE and SHIB also recorded increases of 7% and 4.5%, respectively.
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Capital Rotation Boosts Speculative Liquidity
Meme coins are now the primary reservoir of global speculative liquidity. These coins are easily accessible and respond quickly to market sentiment, making them an early indicator of a shift towards altseason.
The GENIUS Act Factor and the Ethereum Narrative
Ethereum’s momentum is being driven by regulatory narratives such as the “GENIUS Act,” which has the potential to limit centralized stablecoin yields.
This has driven funds into DeFi protocols and Ethereum-based tokens, strengthening long-term expectations for ETH.
Speculators Have Started to Position Themselves
According to analysts like CryptoAuris, speculators have begun entering the market early to anticipate the effects of these policies and pro-Ethereum sentiment.