The memecoin market has erupted in activity over the last 24 hours, with trading volume surging by an astounding 123%to reach $20.21 billion.

Over the past 24 hours, total trading volume in the memecoin sector surged a staggering 103%, reaching $10.14 billion.

The memecoin market continues to chart its own path in the wake of this week’s highly anticipated FOMC announcement and Fed Chair Jerome Powell’s speech, which confirmed that no interest rate cuts.

Broader market uncertainty—particularly surrounding macroeconomic events—is keeping major players on the sidelines.

The memecoin market is showing signs of renewed energy today, with total trading volume increasing by 16% to $4.82 billion.

The memecoin market continues to face pressure over the weekend, with trading volume sliding further to $4.16 billion, marking another leg down in a week dominated by risk-off sentiment.

The memecoin market entered the weekend with a noticeable slowdown in trading activity.