Memecoins Roar Back to Life, Market Cap Surpasses $50 Billion

Memecoins are once again the talk of the town, as the market is roaring past the $50 billion threshold, indicating a gargantuan resurgence in the sector.

Memecoins are once again the talk of the town as the market is roaring past the $50 billion threshold, indicating a gargantuan resurgence in the sector.

What Happened: Previously shrugged off as internet memes, these cryptocurrency assets are now making waves, fueled by a combination of speculation, community buzz, and increasing mainstream awareness.

As Dogecoin (CRYPTO: DOGE) maintains its throne as the top memecoin, newer rivals such as Bonk (CRYPTO: BONK) and Fartcoin (CRYPTO: FARTCOIN) are gaining momentum fast.

Dogecoin, the original memecoin, has surged over 10% in the last 24 hours, trading around $0.1840 with a market cap of $27.94 billion.

Shiba Inu (CRYPTO: SHIB) is also up, with an increase of over 6%, while Pepe (CRYPTO: PEPE) has beaten most with a rise of over 12%. In terms of market capitalization, Shiba Inu is at $8.04 billion, while Pepe is at $3.41 billion. These tokens are still popular among traders seeking quick returns in the midst of wider market activity.

Among other major meme coins, Bonk and Floki (CRYPTO: FLOKI) have kept up their remarkable performance, with Bonk jumping close to 9% in the past 24 hours to a market cap of $1.1 billion, while Floki increased more than 10%, taking its valuation to $664.19 million.

The quickly-rising Fartcoin has picked up a lot of steam, jumping more than 18% in one day and taking its market cap to $576 million.

Another gem is the Trump (CRYPTO: TRUMP) token, which has been making ripples in the memecoin space. Priced at $11.80, it has gained more than 3% in the past 24 hours, with a market capitalization of $2.36 billion.

Binance founder CZ warned investors about memecoins, later deleting his tweet after a $200M surge in Broccoli-themed tokens on BNB Chain. CZ noted that while memecoins attract traders seeking quick profits, the ecosystem remains immature, with performance challenges.

Despite the ongoing boom, Dogecoin’s high of $88 billion in 2021 highlights that the current $50 billion market cap is still low in comparison.

While memecoins may seem lucrative, they remain highly risky—even CZ once advised, “Do not touch memecoins.”

Also Read: Multiple memecoins pop up on Pump.Fun After Ripple’s SEC Victory