According to Odaily Planet Daily, Memecoins have begun to rebound sharply after the market fell on Monday. The market value of Solana-based Meme Coin is currently $7.3 billion, an increase of 35.2% in the past 24 hours.

Cat-themed meme coins rose 41.8% to $2.43 billion, led by Dogwifhat, up 26%, Popcat, up 35%, and Michi, up 30%.

In addition, Dogecoin, Shiba Inu and PEPE also rose by 3.9%, 2.6% and 6.89% respectively.