Meme Coin Leads Cryptocurrency Rally as Solana Eco DeFi Resuscitates

Memecoins have begun to rebound sharply after the market moved lower on Monday, with both the Solana-based Meme Coin and the cat-themed Meme Coin seeing significant market capitalization growth over the past 24 hours, according to The Block.

According to Coingecko, the market capitalization of Solana-based Memecoins now stands at $7.3 billion, up 35.2 percent in the last 24 hours. Meanwhile, the market capitalization of cat-themed Meme coins has risen to $2.43 billion, up 41.8 percent.

Dogwifhat is up 26 percent, Popcat is up 35 percent, Michi is up 30 percent, and Dogecoin, Shiba Inu, and PEPE are up 3.9 percent, 2.6 percent, and 6.89 percent, respectively.