Meme coin market capitalization reached $34.5 billion with a 3.5% gain over 24 hours, according to CoinGecko data.
Summary
- Meme coin market cap climbs to $34.5B with modest gains.
- Santiment calls “meme era dead” sentiment a capitulation sign.
- DOGE leads sector while Pump.fun posts strongest rebound.
Trading volume hit $2.89 billion as major tokens posted modest recoveries, with Pump.fun leading gains at 9.3% and Shiba Inu climbing 5.7% during the period.
Santiment identified a “nostalgia” narrative forming around meme coins as traders treat the sector as “permanently dead.”
The sentiment analytics platform called this collective acceptance of the “end of the meme era” a classic capitulation signal.
“When the crowd completely writes off a sector, it is often the contrarian time to start paying attention again,” Santiment reported.
Dogecoin leads market cap at $16.3 billion
Dogecoin (DOGE) holds $16.29 billion in market capitalization, accounting for 47% of the total meme coin sector. The token traded at $0.09659 with 4.3% gains over 24 hours.
Shiba Inu (SHIB) ranks second with $3.74 billion in market capitalization at a price of $0.006343. The token posted 5.7% gains over 24 hours and 1.1% over seven days.
Meme coin marketcap: CoinGeckoMemeCore holds third position at $2.37 billion market capitalization but posted the weakest performance among top tokens. The coin traded at $1.36, down 4.5% over 24 hours and 18.9% over seven days.
Pepe (PEPE) maintains $1.59 billion in market capitalization at $0.003792 per token. The frog-themed coin gained 3.1% over 24 hours but declined 2.5% over seven days.
Pump.fun posts strongest 24-hour gains at 9.3%
Pump.fun recorded the sector’s strongest 24-hour performance with 9.3% gains to reach $0.0021. The token holds $1.24 billion in market capitalization with seven-day gains of 1.3%.
The overall meme sector shows mixed signals. While 24-hour performance appears positive with market cap climbing 3.4%, seven-day charts reveal most tokens remain under pressure.
Only Shiba Inu and Pump.fun posted positive weekly gains among the five largest meme coins tracked.
Santiment’s capitulation signal comes from widespread trader pessimism declaring the meme coin era finished.
Source: https://crypto.news/meme-coin-market-flashes-bottoming-signal-santiment/
