$PEPE, a memecoin associated with the Pepe the Frog meme, has recently surged to become the 20th largest cryptocurrency by market capitalization. This development comes as $BONK, another memecoin linked to the Solana network, has entered the top 50, securing the 50th position in total market cap. Both cryptocurrencies have gained attention in the market, with $PEPE showing signs of a potential upward trend and $BONK making its mark as a prominent player in the memecoin sector.