The memecoin sector has experienced a significant uptick of 8.1% in the past 24 hours.

The market cap has surged and reached approximately $66.8 billion for this particular sector as per CoinGecko.

The memecoin sector has experienced a significant uptick of 8.1% in the past 24 hours. The market cap has surged and reached approximately $66.8 billion for this particular sector as per CoinGecko.

The rebound is finally here after a period of decline, where most of these coins faced a substantial losses due to market volatility and skepticism surrounding their long-term viability.

Most of the memecoins were hit hard after the $LIBRA and $MELANIA tokens went bad. In the case of $LIBRA, Argentina’s President Javier Milei had promoted the token as a tool to fund small businesses and boost economic growth.

However, later on the developers of the token withdrew $80-$100 million in what appeared to be a coordinated rug pull from the project’s treasury.

Whereas in the case of $MELANIA token, the insiders sold their $MELANIA tokens in large quantity, which led its price to plummet. This sparked off a chain reaction where other investors also started dumping their tokens, ultimately leading to a massive sell-off.

Both of these incidents led to increased scrutiny on the memecoin ecosystem, specially on those built on Solana.

The Reason for Resurgence

There are several factors that could have led to this surge but the main reason is President Trump’s recent statement regarding major cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano being included in the U.S. Crypto Strategic Reserve.

While the memecoin sector was not directly included in the reserve but this announcement indirectly benefited the sector. As president Trump’s statement went viral across social media, it brought attention to cryptocurrencies once again.

Moreover, historically, positive sentiment surrounding major cryptocurrencies usually have a ripple effect on this sector also.

As per CoinGecko, here is the list of memecoins doing well within the said sector. Surprisingly, Solana based memecoins are also making a comeback with a surge of 11.3% in the last 24 hours.

With this renewed confidence in the crypto market following Trump’s statement, investors are increasingly exploring high-risk, high-reward opportunities which is driving up the prices.

The memecoin sector has always been associated with volatility and speculation.

However, the rapid recovery of this sector after a period of decline suggests that external factors and shifts in investor sentiment can have a significant impact on the cryptocurrency landscape.