Meme coins are making a comeback with significant growth over the last 24 hours. The market as a whole is recovering, but some meme coins are certainly outperforming.

Shiba Inu (SHIB) is up 13% in the last 24 hours, trading just below $0.0003. At the same time, DOGE grew by only 5.7% over the past day.

However, Solana-based meme coin Dogwifhat (WIF) has emerged as the top performer in the meme coin market today, up 30% in the last 24 hours and trading around $3. The rise coincided with a photo Elon Musk posted on Twitter showing his dog and several other dogs wearing hats.