Memecoin Market Cap Surges Above $33B

Risk appetite is spreading deeper into crypto.
The total memecoin market cap has climbed above $33 billion after jumping roughly 11.7%.
The move comes as Bitcoin and Ethereum continue their sharp rebound and capital rotates further out on the risk curve.
Memecoins are typically among the most speculative areas of crypto, so broad strength across the sector can be a useful gauge of how aggressively traders are embracing risk.
It is another sign that the current rally is no longer limited to Bitcoin.
Liquidity is moving into increasingly speculative corners of the market.