Meme Coins Power Crypto Market Surge, Reaching $58.8 Billion in 24 Hours

Meme coins have propelled the cryptocurrency market to a record high, soaring by 13.8% and reaching a capitalization of $58.83 billion over the past 24 hours. This surge coincides with strong investor confidence in DeFi (Decentralized Finance) and blockchain infrastructure sectors. The rise of meme coins highlights growing retail investor interest, coupled with social media momentum, driving this rapid market growth. Other notable gains came from blockchain infrastructure (+7.88%), DeFi (+6.60%) , gaming (+5.55%), AI-based projects (+5.00%), and DePIN (4.83%). These sectors indicate a growing belief in the real-world applications of blockchain technology, beyond just speculative investments.