The recent strong performance of $PEPE is not isolated. $FLOKI, PENGU, and $BONK, some of the established Meme coins, are also rebounding together, with many gaining over 15%. This phenomenon is particularly common in the Meme coin circle—once a leader starts to rally, others quickly follow suit.

The reason is quite straightforward. As the most influential token in the sector, PEPE's upward movement ignites investor sentiment. Subsequently, followers swarm in, and similar coins also rise in tandem. In the crypto market, especially in the Meme coin domain, this "leader-driven, collective response" scenario is commonplace.

The key point is that Meme coins are a special species. They lack the technical or application fundamentals backing Bitcoin or Ethereum; instead, they rely on community enthusiasm, online attention, and market narratives. In other words, their prices are entirely tied to consensus and sentiment. Small fluctuations in a single asset can easily trigger chain reactions across the entire sector, with risk appetite shifting accordingly.

Looking at historical candlestick charts reveals the pattern—PEPE, FLOKI, BONK often perform in "synchronized scripts," rising together and falling together. The internal linkage within the sector is so strong that it truly embodies "co-prosperity and co-loss."

However, this volatility is a double-edged sword. When the market is bullish, you can enjoy double-digit gains; but once market sentiment reverses or benchmark assets like BTC pull back, this sector often retreats rapidly due to a lack of intrinsic value support, with liquidity evaporating instantly.

Ultimately, participating in Meme coins is like playing a high-risk emotional game. Success or failure depends not on fundamental analysis but on whether you can seize the turning points of market psychology and effectively gauge social media hype and capital flow changes.