Large-cap memecoins are leading the new year crypto rally, with Pepe (PEPE) posting the strongest gains among the top-100 tokens on Friday, Jan. 2.

PEPE jumped more than 38% over the past 24 hours on nearly $1.8 billion in trading volume, sharply outperforming the broader crypto market, which is up about 3% today. Shiba Inu (SHIB) rose about 15%, while Dogecoin (DOGE) climbed 12%, making it the only token among the top-10 by market capitalization to post double-digit gains.

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