Memecoin Market Update – Volume Cools Down, Market Cap Still Rising
After an explosive start to the week, the memecoin market is showing early signs of cooling off—but not without leaving behind a trail of big winners and sharp reversals. Daily trading volume for the overall memecoin sector dropped by 22%, now standing at $15.77B, a noticeable pullback from yesterday’s euphoric $20.21B. However, despite the dip in trading activity, the memecoin market cap continues to rise, gaining 10.7% over the last 24 hours to reach $72.46B. This suggests that while traders may be taking a breather, money is still flowing into the sector—albeit more selectively.
Top Gainers: $Moonpig Leads the Way
Today’s biggest standout is $MOONPIG, which exploded with a 77% gain, showcasing the kind of volatility that memecoin traders live for. While volume details are still coming in, the price action alone signals that the community is hyper-engaged, and fresh liquidity is targeting mid-tier tokens.
Close behind is $TOSHI, posting an impressive 52% gain, followed by $HOUSE, which also rallied 52%. These kinds of synchronized gains often suggest new narratives are forming—or that capital is rotating from overextended names to newer, under-the-radar plays. If the trend continues, we may see these coins maintain elevated volume and momentum in the coming sessions.
Top Losers: From Hero to Zero
The memecoin world is brutal, and few examples are clearer than $MOODENG. After leading the gainers just yesterday, the token is now at the top of the losers list, falling 17%. Such reversals aren’t rare in this sector, where massive hype can reverse into aggressive sell-offs in mere hours.
Other notable losers include $BOOP, down 15%, and $SUNDOG, which slipped 12%. These corrections may be the result of traders locking in profits after the recent parabolic moves. It’s worth noting that even after these declines, many of these tokens are still up significantly over the week.
Large Caps Remain Resilient
Among the large caps, $DOGE continues its slow but steady climb, gaining 14% and reinforcing its status as the memecoin king. $SHIB added 6%, $PEPE rose by 8%, and $BONK followed with a 4.4% gain. The only laggard in this group was $TRUMP, which slipped 0.8%, possibly signaling some short-term exhaustion after its recent run-up.
What’s Next: Consolidation Ahead?
With the surge in trading volume cooling slightly, the memecoin market could be entering a short consolidation phase. The influx of fresh capital over the past few days drove massive pumps, and now traders may begin to rotate funds into other narratives—or simply wait on the sidelines for new catalysts.
Still, the elevated market cap and resilience of large caps suggest that the overall sentiment remains bullish. Volatility is here to stay, and the memecoin market is far from finished. Whether it’s a quiet consolidation or another sudden rally, next week promises to keep things exciting.
Stay tuned to MemecoinWire for the latest in this wild corner of crypto.
