Memecoins rode the broader cryptocurrency market rally on Tuesday, extending their impressive run this year.

Memecoins Rejoice On Crypto Bill Progress

Frog-themed Pepe lifted over 18%, claiming the top spot among large-cap gainers. The Ethereum (CRYPTO: ETH)-based memecoin has rallied nearly 70% since the beginning of the year.

Solana (CRYPTO: SOL)-based Bonk (CRYPTO: BONK) followed Pepe with a 14% uptick, stretching its year-to-date returns beyond 56%.

Dogecoin, the world’s largest memecoin, joined in, rallying over 8% in the last 24 hours, while Shiba Inu (CRYPTO: SHIB) lifted 5.80%. The two heavyweights are up more than 25% year to date.

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