The memecoin market is seeing a robust surge, with leading tokens posting impressive double-digit gains in the past 24 hours.
The memecoin market is seeing a robust surge, with leading tokens posting impressive double-digit gains in the past 24 hours. The Block’s GMCI Meme Index, which tracks the top 17 memecoins by market cap—such as Shiba Inu, Dogecoin, and Pepe—climbed more than 10%, marking a year-to-date increase of 171%. The index added 24.52 points, reaching 263.91.
CoinGecko data reveals that the biggest cryptocurrency gainers globally over the last day are all memecoins. Dogwifhat, Popcat, and Pepe showed respective gains of 20%, 18%, and 14%. Meanwhile, smaller tokens like Estee, GIGA, and SPX6900 saw even more dramatic jumps, rising 140%, 92%, and 74% in just 24 hours.
Bullish momentum has extended to the politifi niche as well, particularly with Trump-inspired PolitiFi tokens gaining steam. This comes as the former president’s odds of winning the U.S. election on Polymarket have increased to 51%, while Kamala Harris' chances have dipped to 48.3%. The total market cap of the PolitiFi sector grew by 15% in the last day, reaching $750 million, according to CoinGecko. Standout performers in this space include MAGA, which rose by 40%, MAGA Hat by 112%, Doland Tremp by 115%, and Super Trump by 40%.
The notable gains of Trump-inspired tokens align with his improved election odds, making the PolitiFi sector an intriguing space to watch.