Memecoin Market Update: Volume Spikes 54%, Are We So Back?
After days of declining trading activity, the memecoin market is showing signs of life again. Trading volume surged by a staggering 54%, climbing to $11.78 billion, a strong signal that risk appetite might be returning. Market cap followed suit with a 3.18% uptick, now standing at $67.88 billion. It’s not yet the euphoric peak we witnessed on May 10th when daily volumes approached $20 billion, but it’s a sharp turn from the downtrend we’ve seen throughout the past week.
Large Cap Memecoins Catch a Bid
Some of the most recognized memecoins in the space are seeing relief pumps. Here’s a quick rundown of today’s notable movers:
$DOGE: up +5.7%
$SHIB: up +3.5%
$PEPE: up +9.4%
$TRUMP: up +3.5%
$BONK: up +7.4%
These gains signal that traders are rotating back into familiar names after days of caution. If volume continues to rise, these large caps could be the first to benefit from returning momentum.
Top Gainers: Small Caps Shine Again
Today also marked an excellent session for several small-cap memecoins:
$NEIRO: up +34%
$MOODENG: up +31%
$GOAT: up +23%
$NEIRO and $MOODENG continue to deliver strong performances, both of which have made repeated appearances in the top gainer boards this month. These tokens are proving that even in shaky markets, capital flows to narratives—and right now, attention-driven pumps are back on the menu.
Red Zone: Not All Tokens Are Thriving
Despite the positive outlook, not everything is in green. A handful of tokens are still bleeding:
$HOUSE: down -8%
$PEPECOIN: down -6.8%
$SIREN: down -6.6%
This shows that selectivity is key. Weak tokens without strong narratives or communities are still getting dumped, even in a rising volume environment.
Are We “So Back”?
That’s the big question. With volume making a comeback, enthusiasm is cautiously returning. But we need to zoom out: $11.78B in daily trading volume is strong, yet still far from the $20B+ levels we saw at the peak of this memecoin cycle. That said, the 54% daily increase is the largest single-day volume jump in nearly two weeks.
If this momentum continues and volume pushes beyond the $15B mark in the next few sessions, then yes—we might be able to say, “we are so back.”
Final Take
For now, memecoins are alive again. Volume is the heartbeat of this market, and today it’s beating stronger. Smart traders will watch closely: if the trend continues, a new wave of rallies could be ahead. But if this is just a short-term spike, it may be wise to tread carefully.
Stay tuned, stay sharp—and remember: in memecoin land, attention is everything.
