Since the beginning of this year, blockchain-based memecoins have seen massive traction reaching new milestones.
According to data from CoinMarketCap, Floki, a viral memecoin of the market, has added more than 21 percent in the past 24 hours. One of the major spikes in its trading was seen soon after an X post from Coinbase concerning its listing.
After Donald Trump’s victory a wider cryptocurrency market has seen staggering growth, many centralized have even begun listing memecoins such as Pepe, Dogwifhat, Doge, and Shiba Inu. The spike in the trading prices after listing on exchanges and broking firms is quite common.
Coinbase is among the leading centralized cryptocurrency exchanges. In terms of trading volume, it is second only to Binance. Getting listed on exchanges like Binance and Coinbase is a dream come true for every crypto coin and token.
There are over dozens of exchanges that offer trading of cryptocurrencies like Bitcoin, Ethereum, Solana, and Cardano, but exchanges stand back in terms of memecoins listings.
In terms of highest listing, Dogecoin stands at the top of the list followed by Shiba Inu, Dogwifhat, Floki, and many others. From the beginning of 2024 till writing memecoins like Dogs, WIF, Pepe, and Doge at the top of the trending crypto-list of the wider market.
Over dozens of times this year, issues like network congestion were caused in the memecoins category.
Memecoins to top the crypto market by 2025 end!
Yes, memecoins are seen as the strongest contenders among all blockchain-based assets and currencies, yet these were developed as a joke in the initial days but went viral, popular, and highest with the passing time.
As per proof, Dogecoin is one of the oldest memecoin which was developed over a popular and viral meme over a dog, however, it is not only the dog based memecoin there are several others including Shiba Inu, Floki, Dogwifhat, and Bonk.
Pepe is one of the highest traded memecoin overtopped by Dogecoin which has $10.60 billion in average trading volume. Nowadays the trend of developing memecoin has become popular, there are hundreds of such coins that are owned by celebrities like Iggy Azalea, Caitlyn Jenner, and Davido.
When writing, the market capitalization of the memecoins category was $116.23 billion which grew over 6.23 percent in the past 24 hours. The vast market has 3626 listed memecoins and their collective intraday trading volume was $36.11 billion which is 23.16 percent intraday.
Celebrities have the power to make anything trend within minutes by endorsing it on their social media platforms. A similar phenomenon is evident with memecoins. Certain celebrities frequently promote memecoins, keeping them constantly in the spotlight.
Elon Musk, Snoop Dogg, Gene Simmons, and Mark Cuban are prominent supporters of Dogecoin. Meanwhile, Lil Yachty shows a preference for CryptoZoo, and Ethereum co-founder Vitalik Buterin often discusses Shiba Inu.
Data from CoinMarketCap in July revealed that WIF, a recently popular memecoin, emerged as a top performer with a market capitalization exceeding $1 billion and gains of over 1,300%. Similarly, Pepe, the meme frog token, also delivered impressive results, achieving gains of approximately 800%.
Memecoins gained traction amidst market volatility in other crypto sectors like layer-2 solutions and storage. The rising negative sentiment toward venture capital-backed tokens has further dampened prospects for retail traders in these markets.
POPCAT, a memecoin built on Solana, and MOG, based on Ethereum, saw gains exceeding 12% in the past day. Meanwhile, CAT, operating on BNB’s chain, rose by 10%. Additionally, tokens like GIGA, SPX6900, and Fwog surged by over 20%.
