SHIB, PEPE, and APE have recently outperformed Bitcoin, and this article explains what their profits mean. The meme coins have stood out in a market that has been experiencing stagnation. While DOGE also saw bullish momentum, it has slowed down recently. PEPE has been the best performer with a 22% profit in the past week, but it is actually in severe losses of 17% for the past month. APE has risen by 12% in the past week, but its performance for the month is flat. Shiba Inu has registered impressive gains of 16% in the past week and 32% in the last month, likely due to the upcoming Shibarium upgrade. The article also discusses the significance of the memecoin rally for the overall market. Social volumes for these coins have not increased significantly, indicating that social media users have not paid much attention to the price pumps. Historically, meme coins pulling away from Bitcoin have signaled an overheated market, and isolated pumps are associated with greed and boredom, which can have adverse impacts on the markets.
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