The memecoin transaction volume has spiked in step with the market cap, jumping from $2.2 billion to $8.7 billion, representing a 300% increase.
Crypto traders flooded back to memecoins as the new year turned, driving memecoin market capitalization up by over 23% in the last week after trading at a yearly low in the final days of 2025.
The memcoin market cap crossed $47.7 billion on Monday, up from $38 billion on Dec. 29, according to cryptocurrency data platform CoinMarketCap.
The top three memecoins by market capitalization, Dogecoin (DOGE), gained over 20% in the last seven days, followed by Shibu Inu (SHIB) with 19.9% and Pepe (PEPE), which has increased over 65%.
