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On Tuesday, as the overall cryptocurrency market rose, meme coins (Memecoin) also surged, with the total market capitalization increasing by 8.19% to $47 billion, hitting a two-month high. The rise was driven by progress in a Senate bill on cryptocurrency market structure, which will classify altcoins as commodities. Pepe (PEPE) led the market, with a daily increase of over 18% and a year-to-date gain of nearly 70%. Bonk (BONK) followed closely, with a daily increase of 14%, while Dogecoin (DOGE) and Shiba Inu (SHIB) rose by over 8% and 5.80%, respectively.