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Memecoin market cap increased by 23% week-over-week, trading volume surged by 300%

Market Analysis

2026-01-05 02:52:09

DOGE-0.22%

SHIB-1.28%

PEPE+0.97%

PANews January 5 News, according to Cointelegraph, as 2026 begins, the Memecoin sector has rebounded strongly, with the overall market capitalization increasing by 23% over the past week, rising from $38 billion on December 29 of last year to $47.7 billion in early January. During the same period, trading volume surged from $2.17 billion to $8.7 billion, a 300% increase. DOGE and SHIB each rose over 20% and 19.9%, respectively, while PEPE's increase exceeded 65%. Analysts believe that the strong comeback of Memecoin reflects a rebound in market risk appetite, which may drive other altcoins higher, with Solana potentially being one of the beneficiaries.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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