The market capitalization of meme coins has surged by 8%, reaching $58 billion. According to recent data, meme coins have garnered significant interest from investors and traders. Over the past 24 hours, the meme coin segment has outpaced the overall crypto asset market in growth. While the total market capitalization of the crypto industry increased by 5.5%, Bitcoin (BTC) saw a 6% rise.

The five largest meme coins account for 77% of the total value in this asset class. Notably, only around three dozen coins have a market capitalization exceeding $100 million.

The meme coin segment has shown remarkable growth, outpacing the broader crypto market.

The leading meme coin is Dogecoin (DOGE), with a market cap of $22.4 billion. In the past 24 hours, its trading volume reached $1.5 billion. Following closely, Shiba Inu (SHIB) holds a market cap of $14.9 billion, with a 24-hour trading volume exceeding $938 million.

Pepe (PEPE) ranks third with a market cap of $4.4 billion. Its trading turnover over the past day was $1.5 billion. On May 15, PEPE hit an all-time high of $0.00001161. An anonymous trader recently made over $46 million by investing $3,000 to acquire 4.9 trillion PEPE tokens. This trader sold 1.41 trillion tokens for $7.4 million.

In fourth place is the Dogwifhat (WIF) meme coin, with a market capitalization of $2.9 billion. Completing the top five is FLOKI, with a market cap of $2.06 billion.

The BONK token, which has contributed to the rise of thousands of meme coins on the Solana network, is ranked sixth on the market dashboard.

For more updates on the latest trends and news in the cryptocurrency world, stay tuned to Global Crypto News.

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