The recent recovery in cryptocurrency prices has led to double-digit gains in the last month for memecoins with the largest market caps, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF).

Neiro (NEIRO), a new memecoin launched on the Ethereum network at the end of July, has gained 3,330% in the last 30 days, 63% in the last week, and 13% in the last 24 hours, making it the fastest-rising coin. Popcat (POPCAT) gained 137%, and Mog Coin (MOG) gained 102% monthly.

DOGE, SHIB, and Pepe (PEPE) increased by 11.8%, 32.8%, and 38%, respectively, while WIF rose by 63%.

According to CoinMarketCap data, the market cap of memecoins has increased by 34.7% in the last four weeks, reaching $48 billion. Daily trading volume rose from $2.7 billion on October 8 to $8.6 billion, currently at $6.8 billion.

Dune data shows that memecoin weekly transaction flows across all blockchains increased by 161.7% to $289.2 million.

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