BONK market cap exceeds $2 billion, whale buys $4.9 million worth of PEPE.

Altcoins are taking advantage of Bitcoin's brief pause to soar. In particular, meme coins and gaming coins are on the rise. The memecoin surge has seen the Solana (SOL)-based memecoin BONK surpass $2 billion in market capitalization. According to CoinMarketCap, BONK is currently trading up 28.18% at $0.00003109, giving it a market cap of $2.036 billion.

Meanwhile, the meme coin PEPE (PEPE) continued its short-term rally, breaking above $0.000006 to hit a new all-time high. After hitting a high of $0.00000628 on the Binance USDT market, PEPE is currently trading around $0.0000061. "Two specific whale wallets bought 840 billion PEPE worth $4.9 million about three hours ago," according to data analytics firm LookOnChain. Among them, the address starting with "0x379e" withdrew 500 billion PEPE (about $2.96 million) from Binance, while the address starting with "0x04EE" bought about 340 billion PEPE for $1.95 million.