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After several weeks of bearish sentiment, Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) flash bright green.

Still, the Official Trump (TRUMP) token remains sluggish and out of step with the wider memecoin party.

Heading this charge is PEPE, which is up 8.89% over the last 24 hours and whose price has grown to $0.00006642, bringing a market cap of $2.79 billion. Meanwhile, Dogecoin (DOGE) was up 2.74% to $0.1678, and Shiba Inu (SHIB) gained 3.02% to $0.00001222 at press time.

This boost comes as the market is recovering across the board, with traders regaining confidence in major memecoins. The trading volumes have deteriorated, but the investors seem to be building their positions, maybe anticipating yet another move up.

Interestingly, the Official Trump (TRUMP) token is lagging behind. At press time, TRUMP is down 0.71% over the past day to $10.42 and has a market cap of $2.08 billion. TRUMP is also the most underachieving meme coin out of the top five by market cap over the past week, with a loss of 21%.

TRUMP has now lost 85% of its value since its all-time high on January 19, as it loses its title of the second-largest meme coin by market cap.

Bitcoin has clawed back over $80,000 after touching a low of $76,000 on March 11, thanks to stronger-than-expected U.S. Consumer Price Index (CPI) numbers.

Bitcoin's surge has brought new life to the meme coin industry, providing just the push that DOGE, SHIB, and PEPE needed to recover from recent lows. If Bitcoin continues to rally towards $90,000, the meme coins could see further upside in the coming weeks.