Overview of the meme coin market

The meme coin sector is estimated at approximately $121 billion, with a trading volume of $25.3 billion over the last 24 hours. Dogecoin ($DOGE ) and Shiba Inu ($SHIB ) lead the industry with market capitalizations of $57.4 billion and $14.5 billion respectively.

Shiba Inu's dream of $1: can a 99% burn make it a reality

Notably, $WIF ranks fifth among the largest meme coins and 44th in the overall cryptocurrency market, according to CoinMarketCap data. The cryptocurrency gained popularity after the rise of meme coins based on Solana pump.fun and has since shown significant growth.