Meme Coins Market Cap Hits $58 Billion

โฌ†๏ธ The market capitalization of meme coins surged by 8%, reaching $58 billion.

According to CoinGecko, ๐Ÿถ meme coins have gained significant popularity among investors and traders.

๐Ÿ’ช In the past 24 hours, the meme coin segment has outpaced the overall crypto asset market in growth. While the total market capitalization of the crypto industry increased by 5.5%, Bitcoin (BTC) saw a 6% rise.

โœ”๏ธ The five largest meme coins by market capitalization account for 77% of the total value of this asset class. These coins are Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), Dogwifhat ($WIF), and BONK token ($BONK). Additionally, about thirty meme coins have a market capitalization exceeding the $100 million mark.