Over the past 24 hours, the meme coin market has seen a significant increase in activity, with trading volume increasing by 22.26% to $7.14 billion. The overall market capitalization of meme coins increased by 6.49%, reaching $58.41 billion. This surge highlights renewed interest in meme coins, driven by short-term gains and increased trading momentum across multiple tokens. Here is a list of top performing meme coins to watch and an overview of current market trends and insights.
Best Coins to Watch
1. Dogecoin (DOGE)
- Price: $0.1684
- Market capitalization: $24.7 billion
- 24 hour volume: $3.16 billion
- 24 hour change: +0.47%
- Change over 7 days: +2.17%
- Circulating supply: 146.66 billion DOGE
As the largest coin by market capitalization, Dogecoin continues to dominate 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 capitalization: $10.36 billion
- 24 hour volume: $364.75 million
- 24 hour change: +0.34%
- Change over 7 days: -3.58%
- Circulating supply: 589.26 trillion SHIB
Shiba Inu, the second largest coin, also maintained high trading volume, with $364.75 million over the past day. Despite a slight gain over the past 24 hours, SHIB saw a weekly decline, indicative of recent market volatility.
3. Pepe (PEPE)
- Price: $0.00008177
- Market capitalization: $3.44 billion
- 24 hour volume: $576.64 million
- 24 hour change: +0.39%
- Change over 7 days: -14.25%
- Circulating supply: 420.69 billion PEPE
Pepe stands out with a 24-hour volume of $576.64 million, placing it among the top coins for trading activity. However, it saw a substantial decline over the past week, with a variation of -14.25%, demonstrating its high volatility.
4. Bonk (BONK)
- Price: $0.000001889
- Market capitalization: $1.4 billion
- 24 hour volume: $103.25 million
- 24 hour change: +2.23%
- Change over 7 days: -12.84%
- Circulating supply: 74.27 trillion BONK
Bonk posted one of the highest 24-hour gains at +2.23%with a daily trading volume of $103.25 million. Despite a weekly slowdown, Bonk’s strong daily performance and high volume indicate growing interest.
5. Popcat (SOL)
- Price: $1.30
- Market capitalization: $1.28 billion
- 24 hour volume: $161 million
- Change over 24 hours: +1.24%
- Change over 7 days: -22.69%
- Circulating supply: 979.97 million POPCATs
Popcat, a new entrant in the meme coin market, recorded an increase of 1.24% over the past day and a trading volume of $161 million. However, it saw a significant weekly decline of -22.69%, reflecting the typical volatility of meme coins.
*Please note that all data is true at the time of publication.
Market Overview, Trends and Information
- Market capitalization and volume on the rise: The total capitalization of the meme coin market has reached $58.41 billion with a Increase of 6.49% over the past day, while trading volume increased sharply by 22.26%. This increase in volume suggests increased interest in meme coins, potentially driven by speculative trading.
- Dominance of major pieces: Dogecoin and Shiba Inu continue to dominate the market, with Dogecoin holding a market share of 11.43% and Shiba Inu 4.43%. Their high liquidity and large market capitalizations make them stable choices for investors in a highly volatile sector.
- High volatility of lesser known coins: Many meme coins, including Pepe and Bonk, have shown significant price fluctuations over the past week. While they recorded gains over the past 24 hours, the weekly performance reveals sharp declines, with Pepe down 14.25% And Bonk down 12.84%. This volatility highlights the speculative nature of the meme coin market.
- Emerging Interest in New Meme Coins: Coins like Popcat and Bonk have received increased attention, as evidenced by high trading volumes and short-term price gains. This trend suggests that traders are exploring new tokens in search of potential short-term profits, despite the associated risks.
The recent increase in trading volume and market capitalization indicates a renewed wave of interest in meme coins. With volumes increasing by 22% in the last 24 hours, investors are actively engaging in this volatile market, likely driven by speculation and social media hype.