The memecoin market is currently dominated by several key tokens, with Dogecoin (DOGE), Pepe (PEPE), Trump (TRUMP), Floki (FLOKI), and Brett (BRETT) among the top five by market capitalization, ranging from $26 billion to $600 million. PEPE has been identified as a driving force behind the recent revival in memecoins, gaining hundreds of new holders daily and showing technical indicators aligned with Bitcoin's bullish trend. Analysts suggest that if PEPE surpasses its previous accumulation zone and breaks through a major resistance level, it could rally by 50 percent or more, potentially triggering a broader meme coin market surge. Market participants emphasize that the memecoin season's continuation depends heavily on PEPE reaching a new all-time high (ATH), with warnings against investing in other memecoins while ignoring PEPE. The memecoin market is viewed as a high-risk, high-reward space where small investments can yield substantial returns within a year.