Memecoin Market Update: Volume Explodes 123% to $20.21B as Volatility Returns
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. This marks a dramatic increase from just a few days ago when total volume hovered slightly above $4 billion. Alongside this surge in trading, the total market capitalization of memecoins has climbed to $65.05 billion, gaining 8.9% in a single day.
This explosive rise in volume signals a wave of fresh liquidity flooding into the memecoin sector, reviving momentum across both large-cap and emerging meme assets.
Large-Cap Memecoins Rally on Fresh Liquidity
The influx of capital is most visible in the large-cap memecoins, which have posted solid gains in the past 24 hours:
$DOGE is up 7%, regaining strength as the sector’s flagship.
$SHIB followed closely with a 6.6% jump, supported by increasing activity across major exchanges.
$PEPE leads the pack with a notable 19% gain, fueled by a 240% spike in volume over $2 billion.
$TRUMP posted a 12% increase.
$BONK saw a 10% rally on heightened community interest and social engagement.
These movements confirm that big players are benefiting from the increased liquidity and speculative energy returning to the space.
Top Gainers: Newcomers Steal the Spotlight
While large caps are thriving, the most explosive gains came from mid- and small-cap memecoins that managed to capture trader attention with wild moves:
$MOODENG leads the top gainers with a jaw-dropping 128% increase, thanks to a high volume-to-market-cap ratio and major exchange interest.
$SUNDOG posted a solid 49% gain, appearing on multiple watchlists due to growing social buzz.
$PNUT, which had a 390% surge in trading volume earlier this week, continues to perform with another 49% jump, now sitting at a market cap of over $230 million.
These tokens are seeing rapid interest, but their gains come with high volatility—typical of the memecoin space.
Top Losers: A Reminder of Meme Market Volatility
Even in the middle of a bullish wave, not every token managed to ride the pump. Some of yesterday’s favorites turned into today’s laggards:
$BOOP leads the losers with a -45% drop, showing how quickly hype can fade.
$JELLYJELLY is down 25%, despite a strong start earlier in the week.
$GORK, which had been trending on Pump.fun and Bitget, fell 21%, possibly due to confusion around duplicate tokens and market fragmentation.
This rotation reminds us that meme markets are mercilessly volatile—today’s top performers can easily become tomorrow’s biggest losers, and vice versa.
Volatility Is Back
The dramatic uptick in volume and price swings is clear evidence that volatility is back in full force in the memecoin market. With market participants chasing new narratives, rebounding large-caps, and volatile small-caps, traders should be prepared for wild swings in both directions.
This kind of environment can generate massive returns—but also steep losses—so managing risk is more important than ever.
One thing’s for sure: memecoin season is heating up again.
