Memecoins Make a Comeback: PEPE, FLOKI, POPCAT, and More Surge by Double Digits
The memecoin sector has seen a significant recovery in market capitalization over the past 24 hours, with top coins Dogecoin and Shiba Inu rising 7% and 8%, respectively, and others gaining more than 20%. The group’s total market capitalization briefly surpassed $55 billion, though the group is known for rapid and often volatile price changes.
Meme Coins Surge
The memecoin sector has experienced a significant recovery over the past 24 hours, with a large number of assets moving smoothly into green territory. Market capitalization leaders Dogecoin (DOGE) and Shiba Inu (SHIB) are up 7% and 8%, respectively.
However, many others have outperformed them with more impressive performances. Frog-themed Pepe (PEPE) surged more than 20% to hit a new all-time high. As of now, it is the third-largest coin in the sector with a market capitalization of around $4.3 billion.
Floki Inu (FLOKI), Popcat (POPCAT), and MAGA (TRUMP) also saw double-digit gains. On the other hand, Solana-based Cats & Dogs World (MEW) was one of the very few to see a small decline.
The total market capitalization of Memecoin briefly surpassed the $55 billion mark with a daily gain of 7%. Currently, the figure is around $54 billion.
Be careful though
When the market starts to heat up, Memecoin tends to rise sharply first. Large price increases in a short period of time provide investors with opportunities to make huge profits. However, price fluctuations in the opposite direction are also frequent, which means that traders should be very careful when studying this issue.
