Memecoin market cap jumps to $47.7B on Monday; volumes up 300% since Dec. 29

Memecoin capitalization climbed more than 23% over the past week, moving from $38 billion on Dec. 29 to $47.7 billion on Monday. Trading activity surged alongside, with transaction volume rising from $2.17 billion on Dec. 29 to $8.7 billion on Monday, a 300% increase. DOGE, SHIB and PEPE led gains, while broader crypto rose more modestly.