Meme Coin Market Jumps 22% in Volume: Top Tokens to Watch

In the past 24 hours, the meme coin market has seen a significant increase in activity, with a trading volume spike of 22.26% to $7.14 billion. The overall market capitalization for meme coins rose by 6.49%, reaching $58.41 billion. This surge highlights renewed interest in meme coins, driven by short-term gains and heightened trading momentum across several tokens. Here’s a breakdown of the top-performing meme coins to watch and an overview of current market trends and insights.

Top Meme Coins to Watch

1. Dogecoin (DOGE)

• Price: $0.1684
• Market Cap: $24.7 billion
• 24-Hour Volume: $3.16 billion
• 24-Hour Change: +0.47%
• 7-Day Change: +2.17%
• Circulating Supply: 146.66 billion DOGE

As the largest meme coin by market cap, Dogecoin continues to lead the market. Its recent 24-hour volume of $3.16 billion is the highest among meme coins, reflecting sustained investor interest and liquidity.

2. Shiba Inu (SHIB)

• Price: $0.00000759
• Market Cap: $10.36 billion
• 24-Hour Volume: $364.75 million
• 24-Hour Change: +0.34%
• 7-Day Change: -3.58%
• Circulating Supply: 589.26 trillion SHIB

Shiba Inu, the second-largest meme coin, has also maintained high trading volume, with $364.75 million in the past day. Despite a slight gain in the past 24 hours, SHIB saw a weekly dip, indicative of recent market volatility.

3. Pepe (PEPE)

• Price: $0.00008177
• Market Cap: $3.44 billion
• 24-Hour Volume: $576.64 million
• 24-Hour Change: +0.39%
• 7-Day Change: -14.25%
• Circulating Supply: 420.69 trillion PEPE

Pepe stands out with a 24-hour volume of $576.64 million, placing it among the top meme coins for trading activity. However, it has seen a substantial decline over the past week, with a -14.25% change, showing its high volatility.

4. Bonk (BONK)

• Price: $0.000001889
• Market Cap: $1.4 billion
• 24-Hour Volume: $103.25 million
• 24-Hour Change: +2.23%
• 7-Day Change: -12.84%
• Circulating Supply: 74.27 trillion BONK

Bonk has posted one of the highest 24-hour gains at +2.23%, with a daily trading volume of $103.25 million. Despite a weekly downturn, Bonk’s strong daily performance and high volume indicate growing interest.

5. Popcat (SOL)

• Price: $1.30
• Market Cap: $1.28 billion
• 24-Hour Volume: $161 million
• 24-Hour Change: +1.24%
• 7-Day Change: -22.69%
• Circulating Supply: 979.97 million POPCAT

Popcat, a newer entrant in the meme coin market, has recorded a 1.24% increase in the past day and a trading volume of $161 million. However, it experienced a significant weekly drop of -22.69%, reflecting the volatility typical of meme coins.

*Please note all the data holds true at the time of publication.

Market Overview, Trends, and Insights

• Rising Market Capitalization and Volume: The meme coin market’s total capitalization reached $58.41 billion with a 6.49% increase over the past day, while trading volume rose sharply by 22.26%. This uptick in volume suggests heightened interest in meme coins, potentially driven by speculative trading.
• Dominance of Major Coins: Dogecoin and Shiba Inu continue to dominate the market, with Dogecoin holding an 11.43% market share and Shiba Inu at 4.43%. Their high liquidity and large market caps make them stable choices for investors in a highly volatile sector.
• High Volatility in Lesser-Known Coins: Many meme coins, including Pepe and Bonk, have shown significant price swings over the past week. While they experienced gains in the last 24 hours, the weekly performance reveals sharp declines, with Pepe down 14.25% and Bonk down 12.84%. This volatility underscores the speculative nature of the meme coin market.
• Emerging Interest in New Meme Coins: Coins like Popcat and Bonk have seen increased attention, evidenced by high trading volumes and short-term price gains. This trend suggests that traders are exploring newer tokens in search of potential short-term profits, despite the associated risks.

The recent surge in trading volume and market cap indicates a renewed wave of interest in meme coins. With a 22% increase in volume over the last 24 hours, investors are actively engaging in this volatile market, likely driven by speculation and social media hype.