Memecoin market popularity is clearly on the rise. Over the past 30 days, the total market capitalization of the entire memecoin ecosystem has surged from a low point to $44.69B, a 7.17% increase. More notably, trading volume performance has also attracted attention, with the average daily transaction amount reaching $4.75B, a growth of 17.42%.

Why is this data so critical? The growth rate of trading volume significantly exceeds the growth rate of market capitalization—what does this mismatch usually indicate? It suggests that a large amount of speculative funds are flowing back into the market. User activity is increasing, trading enthusiasm is ignited, which often signals the potential start of a new market cycle. Whether memecoin can maintain this heat in the short term depends on whether subsequent funds can continue to follow in.