The cryptocurrency market has seen a significant surge in meme coin activity, with $PEPE breaking the $4 billion market cap and flipping major assets like $INJ, $RNDR, $XLM, and $STX. Other coins like $FLOKI and $COQ have also seen remarkable gains, with $FLOKI jumping 70% and $COQ nearing a $500 million market cap. Ethereum network fees have soared to nearly two-year highs, driven by the speculative frenzy around these tokens, with fees reaching $193 million. BlackRock CEO Larry Fink's recent comments on Bitcoin being a 'great long-term store of value' and comparing it to 'digital gold' have added to the market's excitement. The overall meme coin market cap now exceeds $60 billion, indicating a strong return of retail interest in cryptocurrencies.