Meme coins — fun, joke-style digital money like Dogecoin and Shiba Inu — are bouncing back after a rough week. Together, their total value went up by about 2.4% in just one day, reaching around $2.75 trillion. That means many people are starting to feel excited about crypto again.
Bigger and more serious coins like Bitcoin and Ethereum are also slowly going up, but traders are paying extra attention to meme coins because they can move fast and make big jumps in a short time. Right now, Dogecoin, Shiba Inu, and MemeCore are the three stars of the show.
Dogecoin wakes up and moves higher
Dogecoin jumped about 5.45% in the last 24 hours and is now trading near $0.11. That’s a nice recovery after it dropped more than 11% last week and around 24% over the past month. It’s sitting near the bottom of a long downward path, which often attracts buyers looking for a bargain.
More people are trading Dogecoin again. The amount of money locked in Dogecoin trading contracts rose to $1.29 billion, and options trading exploded by more than 173%. This suggests traders think the worst may be over. If the momentum continues, Dogecoin could climb to $0.12 and maybe even $0.15 soon.
Shiba Inu holds strong support
Shiba Inu (SHIB) also gained about 5% in one day, even though it’s still down for the week and month. Right now, it’s sitting on an important support level — like standing on a solid floor instead of falling through.
A big reason for excitement is that over 5.8 million SHIB tokens were “burned,” or permanently removed from circulation in one day. That made the burn rate jump by more than 480%. Fewer coins in supply can make people feel more confident about future prices. Some analysts think SHIB could rise above $0.0000075 if the market stays positive.
MemeCore makes a big splash
MemeCore had the biggest move of all, soaring about 22.3% to around $1.49. Trading activity jumped 28% to $16.1 million, showing lots of fresh interest from traders.
The rally was helped by news about Hyperliquid’s new “HIP-4” prediction market system, which many people saw as good for the MemeCore ecosystem. If buyers keep coming in, MemeCore could push toward the $2 level next.
What could happen next?
Everything depends on the broader crypto market. If Bitcoin stays steady and traders feel confident, meme coins could keep rising. But if the market turns shaky again, these coins could drop just as quickly.
Simple takeaways:
- Dogecoin: slowly recovering
- Shiba Inu: holding strong support
- MemeCore: very hot and moving fast
For now, meme coins are fun again — but still risky.
Sources & Methodology
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