PENGU, Dogecoin, WIF Surge as Meme Coins Stage Double-Digit Recovery
Meme coins led a strong recovery in crypto markets Monday, as easing U.S.-China tensions encouraged traders to return to high-risk assets. Dogecoin surged 11.9%, Dogwifhat 18.4%, Pudgy Penguins 17.5%, Pepe 13.2%, Bonk 15.3%, and Shiba Inu 9.4%, pushing total meme coin market cap up 12.6% to $68.8 billion. This rebound followed a historic selloff on Friday, which saw Bitcoin drop from $121,000 to $109,000 and triggered nearly $20 billion in liquidations across digital assets. By Monday, Bitcoin recovered to $115,227, while Ethereum, BNB, and Solana also saw notable gains. The selloff was sparked by President Trump’s announcement of increased U.S. tariffs on Chinese imports and rising trade tensions, but subsequent comments indicated softened rhetoric. Analysts suggest that high-risk assets tend to rebound most strongly after sharp crashes and that the recent volatility may have purged excessive leverage, creating healthier market conditions. Despite the turmoil, altcoins retained relative strength, hinting at possible altcoin leadership as liquidity returns.
