Meme coins rise 7% as Fartcoin crashes and Siren surges amid new PEPE ETF filing.

Meme coins gained about 7% last week, adding $2 billion to reach a $31 billion market cap, boosted by a softer macro environment. Fartcoin crashed after leveraged bets unraveled, losing $3 million for traders, while Siren surged 275% following a major retracement. Canary Capital filed for a PEPE spot ETF in the U.S., signaling growing institutional interest in meme coins. Exchanges like MEXC and Jupiter are adapting to market changes by expanding asset offerings and improving token verification processes.