Memecoin prices surged across the board, led by PEPE’s 17% rally. Dogecoin followed with a 10% gain, while Shiba Inu rose 9%. The broader crypto market also showed strong performance, rising 3% in the past day and reclaiming the $3.12 trillion mark. In the past 24 hours, Dogecoin price increased by more than 10% to $0.1432.

The trading volume increased 114% to reach a high of $3.23 billion, showing increased interest. Whales purchased over 325 million DOGE on-chain, and 220 million of them in the last 24 hours. These massive inflows assisted Dogecoin to regain the support level of $0.130. Shiba Inu Price climbed 8% in 24 hours, reaching $0.000007665.

Trading volume rose sharply to $216.26 million, up 86.04%. Pepe coin price jumped 17% after breaking out of a falling wedge pattern, signaling renewed bullish momentum in early January. The token was trading at $0.0000055907 with a high increase of 112% in the volume of the day to 3.45 billion. PEPE has the potential to increase gains over the next few days due to increased demand for memecoins.

The rally highlights renewed investor interest as a trading frenzy gathers strength in leading meme tokens, with PEPE the one potentially in a new upward direction in the month. As the bullish trend continues, Dogecoin can soon approach the level of $0.15, Shiba Inu could reach the level of $0.0000090, and PEPE will be able to shake hands at the level of $0.0000058. The continued pressure to buy and increasing volumes, and the wider optimism in the market, may be the driver to further increases in these memecoins in the short term. Memecoin prices are rising due to improved market sentiment, whale accumulation, and strong trading volumes.

As of the latest update, the memecoin market is witnessing a sharp uptrend to start 2026. The Dogecoin, Shiba Inu, and Pepe are all the main movers as the bullish momentum continues to gain momentum over the last 24 hours. The activity of a significant memecoin trading has increased dramatically, and PEPE is doing the best among them.

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