Memecoin Market Update: Low Volume, High Volatility, and a Tale of Two Markets
The memecoin market continues its rollercoaster journey, with volume plunging by another 25%, bringing the daily turnover down to $8.77 billion. Despite this significant drop in trading activity, the total market capitalization of memecoins is showing resilience, with only a negligible dip to $68.46 billion. While the surface looks stable, under the hood we see wild price swings, particularly among small caps.
Large Cap Memecoins: Still Moving Sideways
The top-tier memecoins are treading water. These assets, often seen as the “blue chips” of the memecoin world, are showing little to no momentum as traders stay on the sidelines.
$DOGE posted a marginal gain of +0.27%, essentially flat.
$SHIB saw a modest dip of -1.8%.
$PEPE also declined slightly by -1.33%.
$TRUMP edged down by -0.7%.
$BONK was the weakest of the majors today, dropping -6.56%.
This sideways action across the large caps underscores a broader trend: without new volume entering the space, major moves in the top memecoins are unlikely in the short term.
Top Gainers: Small Caps Continue the Fireworks
While the majors sit still, the small-cap sector remains a trader’s battlefield—with both moonshots and wreckage. Leading the charge today:
$KEKIUS skyrocketed +97%, making it the top gainer of the day. The move appears driven by rapid momentum and community engagement and the new profile picture of Elon Musk on X.
$KENDU, a Solana-based memecoin, posted an impressive +47% gain. It’s building a reputation as a volatile favorite among risk-tolerant traders.
$DOGE (DOGEGOV) also made noise, climbing +10% despite relatively modest volume.
These plays are capturing the attention of degens chasing high-risk, high-reward setups in a market lacking overall volume.
Top Losers: Rug Risk and FOMO Fallout
With volatility comes the flip side—steep losses. Several coins that were flying high earlier this week have come crashing down:
$HOUSE dropped -19%, erasing a big chunk of its recent gains.
$FWOG fell -16%, continuing a downtrend that began earlier this week.
$MYRO tumbled -15%, as momentum faded and bagholders started to exit.
This pattern is becoming increasingly common in this current low-volume environment: quick surges followed by sharp declines as liquidity dries up and traders move on.
Market Outlook: Volume is the Missing Ingredient
We are witnessing a split market. On one side, large caps are stuck in limbo, unable to break out without fresh capital. On the other side, small caps continue to behave like lottery tickets—some printing gains, others burning wallets.
Until we see a reversal in volume trends, the memecoin market is likely to continue operating this way. This environment is ideal for nimble traders who can catch short-term moves, but it’s dangerous for anyone chasing pumps late.
