This year, the memecoin segment experienced a significant increase in demand from traders, allowing many specialized assets to strengthen their market positions considerably. Notably, Pepe and Dogwifhat have confidently entered the top 20 by market capitalization. Moreover, 4 out of the 10 most popular digital assets by open interest are memecoins. The leader among them remains Pepe, with over $812 million in open interest. This list also includes Dogecoin and Bonk. However, memecoins still lag significantly behind Ethereum and Bitcoin, which collectively account for over $20 billion in open interest.

It is important to note that the open interest segment refers to contracts that have not yet been executed in the futures market. This metric grows as new transactions are added for a specific asset. Unlike trading volumes, open interest reflects data that continuously flows into the market. According to industry analysts, the current situation indicates active demand for memecoins.

More and more short-term market participants are opening leveraged positions in hopes of a sharp bullish impulse. However, despite this, on-chain metrics show that funding rates for popular memecoins remain negative. This indicates that many participants in the derivatives market hold bearish expectations.

It is worth noting that in the past week, Pepe demonstrated impressive growth, surpassing many digital coins. Over the past 30 days, the asset has increased in price by over 140%. Currently, the memecoin is trading at $0.00001645. Trading volumes in the last 24 hours exceeded $2.5 billion, decreasing by approximately 4%.