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This cycle finally makes sense — Meme season is synonymous with the altcoin season.
The performance of leading Meme coins in the past 7 days has been quite remarkable. Pepe leads the pack with a weekly increase of 70%, while Bonk, Pengu, and WIF have also shown significant rebounds. This wave of market activity has restored confidence for many.
But here’s a harsh reality — although recent gains are impressive, most altcoins are still far from their highs before October 11. Over the past three months, investors heavily invested in altcoins have had a tough time. From being trapped to rebounding, this cycle tests not only the market but also the mentality. Whether this Meme season can truly change the game remains to be seen.