Meme coins are making a comeback, with four of the top-performing assets from the top 100 alternative coins coming from this realm. Shiba Inu, the second-largest meme coin, has seen an impressive 18% surge in a day, climbing to the 12th place in terms of market cap. Smaller-cap meme coins are also seeing significant gains, with BONK leading the pack with a 41% surge, followed by FLOKI and PEPE with 25% and 20% increases respectively.

The overall market capitalization of all meme coins has climbed by 11.5% in the past day, nearing $57 billion. These gains coincide with Bitcoin's network undergoing its fourth halving, an event historically linked to the start of a bull run for all crypto assets. Despite warnings that the effects of the halving are declining, meme coins appear to be the biggest winners post-halving, at least for now.