Dog Coins DOGE, SHIB, PEPE Lead $45B Memecoins Surge

Memecoins, particularly Dog Coins like DOGE, SHIB, and PEPE, have gained significant popularity in the crypto markets with a combined market capitalization of $45 billion. Onchain swap volumes for these memecoins have surged from $6 million per day in February to over $100 million per day in March. Memecoin culture is seen as a reflection of financial nihilism, attracting both enthusiasts and cautious observers.