Memecoin Market Soars as Dogecoin and Shiba Inu Surge

The cryptocurrency market experienced notable gains recently, with memecoins leading the charge. Data from CoinMarketCap shows that the overall market capitalization surged 4.09% over the last 24 hours, exceeding $4.1 trillion. Memecoin market cap further climbed to 77.32 billion USD, fueled by a surge in trading volume exceeding $12.86 billion, representing a significant jump of over 43.62%. The leading meme coins saw impressive growth, with Dogecoin surging past $0.2476 and Shiba Inu experiencing a more than 15% week-on-week increase. Further contributing to this surge is the significant trading volume across various platforms.