Dogecoin (DOGE) and PEPE led a sharp meme coin rally on January 3 as traders rotated into high-risk assets. Dogecoin rose 11% over 24 hours while PEPE surged 17% on the day following stronger intraday moves. The broader meme coin market heated up with CoinGecko’s GMCI Meme Index showing a market value of $33.8 billion. Trading volume reached $5.9 billion across the meme coin sector.
Shiba Inu (SHIB) climbed 8% over the same period, while Solana-based Bonk (BONK) added nearly 11% and Floki rose close to 10%. The rally extended beyond major tokens as smaller-cap meme coins posted even larger gains. Mog Coin (MOG) jumped 14% on January 3 and gained 37% over seven days. Popcat rose 9% daily and climbed more than 17% over the week.
Bitcoin (BTC) remained range-bound as post-holiday liquidity stayed uneven. Traders searched for high-beta exposure without clear macroeconomic catalysts. Meme coins benefited from these conditions as they move quickly and attract momentum flows that don’t require fundamental narratives. The next signal will show whether the move spreads beyond a handful of liquid meme names or fades quickly.
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