The cryptocurrency market has witnessed a significant surge in memecoin activity, with Pepecoin ($PEPE) leading the charge. $PEPE has achieved a new all-time high (ATH) in market cap, surpassing $3 billion, and has seen trading volumes reach a lifetime peak of $4 billion. This surge in activity has resulted in $PEPE outperforming the entire crypto market, including major players like Dogecoin ($DOGE) and Shiba Inu ($SHIB), with a weekly gain of 420%. The memecoin sector, as a whole, has increased by about 16% to a market value of over $52 billion. Other notable memecoins such as $FLOKI and $WIF have also recorded over 300% price surges and over 3,000% increases in trading volume within a week. This rally in memecoins comes as Bitcoin ($BTC) approaches new all-time highs, surging past $65,000, and the broader cryptocurrency market shows signs of bullish momentum, with $PEPE becoming the biggest meme coin gainer.