Meme Coins Roar Back as Risk-On Sentiment Revives Crypto Market

Meme coins are experiencing a resurgence in popularity as the broader cryptocurrency market sees a bounce. The market's risk-on sentiment has revived, and meme coins are regaining attention from traders.

Some of the top-performing major meme coins have seen significant gains, with Pepe (PEPE) and Fartcoin (FARTCOIN) leading the charge at 47.6% and 41.6%, respectively. However, Department Of Government Efficiency (DOGE) saw a notable gain of 621%, sending it to a $21.4 million market capitalization.

Pump.fun's PumpSwap has accelerated churn, while Solana remains the leading launchpad for meme coins. The meme coin sector outperformed most others over the last week, with a seven-day market-capitalization-weighted gain of 14.5%.