Memecoin Market Update: Volume Returns, Market Cap Dips Slightly
The memecoin market is kicking off the week with a notable return of trading activity. After a quieter weekend, volume is back up by 47%, surging to $23.27 billion. This significant increase in trading volume signals renewed interest from traders and investors alike, despite the overall market cap sliding by 0.8% to $71.09 billion.
This divergence between volume and market cap suggests that while there’s more money moving through the memecoin space, a fair amount of it may be tied to repositioning and profit-taking rather than a full-on bull run. However, volume precedes price — and the spike in activity could very well lay the groundwork for stronger price action in the coming days.
Large Cap Memecoins Holding Steady
The major players in the memecoin sector showed resilience amid the broader consolidation:
$DOGE: -0.7%
$SHIB: -2%
$PEPE: +0.7%
$TRUMP: -7.7%
$BONK: +2.2%
It’s worth noting that $PEPE and $BONK managed to hold their own, posting small but positive gains. $TRUMP, after an impressive run in past weeks, saw a steeper correction. These moderate moves suggest that the large caps are weathering the market cool-off without panic selling, potentially positioning for another leg up should the volume trend continue.
Top Gainers: Fresh Momentum in New Faces
Among the top-performing memecoins in the past 24 hours:
$DEGEN: +60%
$PUPS: +36%
$BROCC: +30%
These up-and-comers are taking advantage of the increasing liquidity and attention in the space. $DEGEN is leading the charge, making it one of the most-watched tokens of the day, while $PUPS and $BROCC are not far behind, riding the same wave of speculative enthusiasm. It’s often in these mid to low caps where breakout opportunities can emerge quickly during volatile volume shifts.
Top Losers: Profit-Taking or Shift in Sentiment?
Meanwhile, some previously hyped memecoins are facing corrections:
$GORK: -24%
$HOUSE: -10%
$REKT: -10%
$GORK, which recently dominated the charts, is seeing sharp sell pressure — perhaps a case of “buy the rumor, sell the news” playing out. $HOUSE and $REKT follow in the red, though such pullbacks are not uncommon after large pumps.
What’s Next for the Week?
With volume up significantly, all eyes will be on whether this influx of activity leads to a broader rally or simply churns through short-term plays. If the liquidity continues flowing, large caps could gain renewed momentum. On the other hand, if the market remains cautious, smaller caps and new launches may steal the spotlight.
As always in memecoin land: volatility is the norm, not the exception. This week could prove pivotal for trend direction.
Stay tuned and watch that volume!
