MemeCoin Market Surges to $52B as Dogecoin, SHIB, and PEPE Rally

Momentum has returned to the meme coin sector as prices across the category accelerate alongside a broader crypto market recovery. The total market capitalization of meme coins has climbed to approximately $52 billion, reflecting an 8.1% gain in the last 24 hours and signaling renewed risk appetite among traders.

This surge comes as the wider cryptocurrency market also moves higher. Total crypto market capitalization has increased by roughly 4%, now standing near $3.24 trillion, supported largely by Bitcoin’s breakout above the $95,000 level. Historically, strong Bitcoin rallies often act as a catalyst for meme coins, and recent price action suggests that pattern may be repeating.

Among the top performers are Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE, all of which have recorded gains ranging from 8% to 14%. The synchronized move higher across leading meme assets has fueled speculation that the sector may be entering a short-term trend reversal after weeks of subdued performance.

Pepe Coin Leads the Rally

Pepe Coin has emerged as one of the strongest gainers, advancing 14% on Wednesday and extending its rally from the previous session. The token is currently holding above $0.000006630, a level that has helped stabilize price action amid the broader market recovery.

Market data points to strengthening momentum. Trading volume surged by 87%, while open interest climbed 8.48%, bringing total volume to roughly $1.74 billion and open interest to $434.8 million. Bullish engulfing candle formations combined with rising participation suggest that buyers remain active, potentially opening the door for additional upside if momentum persists.

Dogecoin Regains Strength as Whales Accumulate

Dogecoin has also staged a notable rebound, maintaining support above $0.1470 after gaining more than 8% earlier in the week. At the time of writing, DOGE is trading near $0.1479, recovering from a multi-week downtrend.

On-chain data shows a surge in large-holder activity, with whales accumulating approximately 297 million DOGE over the past 24 hours. This renewed accumulation coincides with a sharp 79% increase in trading volume, reinforcing the view that confidence is returning to the market.

If current momentum holds, traders are watching a potential move toward $0.15 as an immediate target. A sustained breakout could shift focus to higher resistance levels near $0.18 and $0.20.

Shiba Inu Builds Toward a Key Breakout Level

Shiba Inu has joined the broader meme coin recovery, posting a 7% gain and trading around $0.000008781 on Wednesday. While the move reflects improving sentiment, SHIB continues to face resistance near $0.0000092, a level that has capped upside since November.

Technical indicators suggest gradual improvement. The MACD is beginning to turn upward, signaling potential recovery momentum, while the RSI sits near 51, indicating a neutral but stabilizing trend. A confirmed break above resistance could shift attention toward the psychological $0.00001 level.

Meme Coins React to Market-Wide Shift

Taken together, the surge in meme coin prices appears closely tied to Bitcoin’s strength and improving market sentiment. Rising volume, increased whale activity, and strengthening technical signals across major meme assets suggest that traders are once again rotating into higher-risk segments of the market.

While volatility remains high, the latest move may mark the early stages of a broader meme coin rebound—provided the overall crypto market continues to hold its gains.