Meme Coin Rally Continues as Pump.fun Finds New Footing

Meme coins are rallying across the board, with all top 10 meme tokens showing significant gains over the past 24 hours.

The MOODENG coin, inspired by a baby pygmy hippo in Thailand, has risen over 47% in a single day and 418% in a week.

This surge comes as Pump.fun, a Solana-based token launchpad, shows signs of life after a tough month. The platform minted 10,309 new meme coins on Wednesday, the most since over a month ago, indicating a comeback for the platform that once created more than 20,000 tokens daily at its height.

The broader meme coin market is also performing well, with Dogecoin up 8% and Shiba Inu surging an impressive 21%. Other notable movers include Solana's Dogwifhat, up 5%, and Ethereum's Mog Coin, jumping 11%.