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Since the beginning of the new year, the Memecoin sector has continued its strong momentum, and the overall industry market capitalization has achieved impressive growth. According to the latest data, the market cap of this sector has increased by 5.72%, now reaching a scale of $47.75 billion.
Among this wave of gains, Dogwifhat(WIF) performed the most eye-catching. This coin not only surged over 17%, but its trading volume also skyrocketed by 132%, with daily trading volume hitting $450 million, indicating a significant increase in market attention.
Looking at other mainstream Memecoins, Pepe and Bonk also did not disappoint. Pepe rose 17%, Bonk increased by 14%, both ranking among the best-performing market leaders. Meanwhile, as major wallet addresses continue to accumulate chips, Shiba Inu(SHIB) also rose more than 8%. In contrast, Dogecoin(DOGE) experienced a more moderate increase, hovering around 2%.
Overall, Memecoin has demonstrated strong market enthusiasm at the start of the new year, with several top coins experiencing robust upward trends.