Meme coins have seen explosive growth over the past month, even as the broader crypto market hits new highs. Data from Santiment shows an increase in the popularity of these speculative tokens, often inspired by animal themes like dogs and cats.

Speculative Assets Leading the Current Rally

Santiment highlighted on X (formerly Twitter) that speculative assets are driving the current market rally, with meme coins playing a significant role. Among the most popular tokens in this category, based on social media discussions, are Peanut the Squirrel (PNUT), Pepe (PEPE), Dogecoin (DOGE), Memecoin (MEME), NUX (Peanuts), and 8-bit Coins (COIN).

Interestingly, Bitcoin (BTC) ranks seventh in terms of social media discussions, suggesting a substantial capital flow into the meme coin sector. The market capitalization of this sector has reached $119 billion, even though it experienced a 4.5% drop in the last 24 hours. Trading volume in the meme coin sector reached $58.9 billion.

Dogecoin Leads Among Meme Coins

Dogecoin is currently leading the pack among meme coins and ranks sixth in the overall crypto market. Its market capitalization stands at $52.50 billion, with a current price of $0.3574. DOGE has dropped by 7.9% in the last 24 hours and is down 50.87% from its all-time high of $0.7376.

Significant Growth in Other Meme Coins

PNUT has shown impressive growth, surging by 1626.4% over the past week. It is currently trading at $1.69, with a market cap of $1.68 billion. Despite a 17.3% decrease in the last 24 hours, it remains up by an astonishing 2925.65% over the past month.

PEPE has also performed well, with a 95.77% increase in the past 30 days. MEME rose by 16.56% in the past week. PEPE’s current price is $0.00001962, while MEME trades at $0.01267.

Additionally, NUX has risen by 118.27% over the last 30 days and by 10.30% in the last 24 hours. COIN recorded a 42.71% increase in the past week.


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