Meme Coins Lead Altcoin Season with 80% Mania Index

Meme coins are emerging as the frontrunners in the altcoin season rotation, with Whaleportal's Meme Season Index reaching 80%, indicating strong sector performance. According to BeInCrypto, the meme coin sector has risen approximately 7% over the past seven days, outperforming Bitcoin. Notably, Pepe (PEPE), Pudgy Penguins (PENGU), and Bonk (BONK) are positioned for potential gains. PEPE is consolidating within a rising channel, PENGU is forming a bullish pole and flag pattern, and BONK is nearing a breakout from a cup and handle formation.