The meme coin market is once again demonstrating explosive activity, showing significant growth against the overall positive sentiment in the crypto market, fueled, in particular, by the Bitcoin rally.
📈 Growth Leaders and General Surge
The Meme Market: The total market capitalization of the meme sector has surged, with individual growth leaders showing an increase of more than 100% over the last 24 hours.
Top Coins: Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) still dominate the charts by volume and capitalization.
New Players: More recent and exotic tokens, such as MemeCore (M), have shown colossal growth (1,123\%) over the past week, proving that new meme coins can have a significant impact.
🚨 Correction and Risks
Recent Losses: Despite the current surge, in the longer term, meme coins have shown significant declines. Shiba Inu (SHIB) fell by -71.3\%, Pepe (PEPE) lost -81.6\%, and Bonk (BONK) depreciated by -76\% over the same period, leading to an overall reduction in the sector's capitalization by -65.9\%.
Speculative Factor: The current boom is largely fueled by investor speculation and fear of missing out (FOMO), which increases volatility and risks.
💡 Main Trend:
Investors are starting to prefer meme coins that have a utility component, as this gives them more long-term potential, unlike purely speculative assets.
