Leading meme coins have rallied as much as 110% over the past week as the tariff tensions between the U.S. and China recently eased .

A meme coin is a parody of a mainstream cryptocurrency such as Bitcoin . It is called so because it gives a hat tip to memes that go viral on the internet.

The Solana -based meme coin — dogwifhat — rallied 120% over the last seven days and was trading at $1.15 at press time.

Dogecoin, the pioneering meme coin that attracted the attention of industry czars like Elon Musk, has rallied 40% and was trading at $0.2389.

Shiba Inu, another prominent dog-inspired meme coin, has risen 30% and was trading at $0.00001631.

Pepe has risen as much as 85% over a week and was trading at $0.00001465.

Official Trump, launched by President Donald Trump ahead of his inauguration, has also grown 23%. TRUMP was trading at $13.46 at the time of writing.

Meanwhile, Bonk has rallied more than 40% to trade at $0.00002321 at press time. Floki has rallied 55% to trade at $0.0001182 at press time.

The total market cap of meme coins stood at $80 billion as of now.

Meanwhile, the market cap of the overall crypto market stood at $3.5 trillion.

Bitcoin — that Dogecoin parodies — was trading at $104,284 at the time of writing, up 10% a week.

The price movement is reflective of the broader crypto uptrend over the last few days as China and the U.S. negotiated tariffs over the weekend.

On May 12, the U.S. lowered tariffs on Chinese imports from 145% to 30% for a 90-day period. In turn, China also reduced tariffs on U.S. imports from 125% to 10%.