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Fortune
Fortune
Marco Quiroz-Gutierrez

Memecoins led by Pepe see double-digit gains as Bitcoin flirts with $35,000 benchmark

(Credit: Photo illustration by Fortune)

Bitcoin’s latest rally has cleared the path for a resurgence in memecoins, led by Pepe coin, the cartoon frog-themed token that's recently surged double digits.

The world’s most popular cryptocurrency has gone on a tear recently, breaking through $35,000 last week to hit its highest level in more than a year. Bitcoin, at time of publication, was up just under 1%, at $34,600, on Monday—and is still up almost 13% over the past seven days.

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