Dogecoin, Shiba Inu, Pepe Up 20% In A Month, But Analysts Say It’s A Dead Cat Bounce

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Meme coins have rallied nearly 20% in the past month, but analysts warn the gains are concentrated in a few tokens and the sector remains down 75% from its December 2024 peak.

The Concentrated Rally Problem

Illia Otychenko, lead analyst at CEX.IO, told DL News the rally may “overstate the sector’s health” as much of the growth came from a few fast-rising assets that distort the real picture.

“The rise in the meme coin sector appears driven by a mix of improving risk sentiment, rising on-chain speculation, and sharp gains in a handful of outsized tokens,” Otychenko said.

Meanwhile, Charles Chong, vice president of strategy at BlockSpaceForce, said the spike reflects a tired pattern…