While the crypto market bounces after Paul Atkin’s inauguration as the SEC chairman, the meme coin segment has witnessed astonishing gains with almost all tokens remarkable gains in the past 24 hours.
Among all, the official Trump Meme Coin, TRUMP is leading the trend with surging 9% in the past 24 hours after the U.S. President Donald Trump announces a special dinner for the meme coin holders. This is supposedly the first ever activity for TRUMP holders since the launch of the token.
While DOGE, the first ever meme coin in crypto space, has surged with a decent gain of 4.4%, its closest viral – SHIB has marked a surge of 8.55% in the past 24 hours. The 3rd largest meme coin, PEPE, has also increased 4% today following optimistic market sentiment.
Other popular memes – including BONK, FLOKI and WIF – have seen double digit surge with all pumping 14.34%, 16.55% and 19% respectively. Meanwhile Fartcoin is having a rest as it has surged over 77% in the past month when most meme coins were losing against the trend.
The overall meme coins market cap has surged 6.18% to $56.06 billion today while accumulating a 24 hour trading volume of $8.83 billion – as per CoinMarketCap data.
Meme Coin Trend
Meme coins, cryptocurrencies inspired by internet memes and pop culture, emerged around 2013 with the creation of Dogecoin. Initially, meme coins gained traction through social media hype, particularly on platforms like Reddit and x (Twitter), with Dogecoin’s value surging in 2021 due to celebrity endorsements like Elon Musk.
Other meme coins, such as Shiba Inu (SHIB) and PEPE also emerged while capitalizing on community-driven speculation. Their popularity wanes and waxes with the broader crypto market sentiment. Some recent trends show that meme coins are now integrating into real world applications with they also riding social media and political trends.
Also read: Sui Token Price Surges 72% Amid Pokémon Partnership Rumors
