 ▲ Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) © |
As fears of Middle East-driven stagflation subside and global risk appetite rapidly returns, an explosive موجe of capital has poured within a single day into the meme coin sector, the most speculative corner of the cryptocurrency market.
According to CoinMarketCap at 6:18 a.m. on the 10th, the global meme coin market capitalization rose 1.92% over the past 24 hours to $28.42 billion. Trading volume has been particularly striking, surging 41.41% during the same period to reach $3.24 billion, clearly demonstrating the market’s intense buying momentum.
Major meme coins are drawing clear upward curves across the board. Market leader Dogecoin (DOGE) is trading up 2.65% at $0.09165, while Shiba Inu (SHIB) has gained 3.52%, Pepe (PEPE) 4.49%, and Bonk (BONK) 5.54%, collectively leading the rally. Pudgy Penguins (PENGU) also posted a sharp 8.52% jump, showing a strong rebound. Ironically, Official Trump (TRUMP), named after President Donald Trump, who helped spark the broader market’s relief rally, fell 1.96% to $2.93, standing alone in negative territory.
This sharp rebound in the meme coin sector reflects a typical swing driven by the temporary easing of geopolitical uncertainties that had been weighing on the macroeconomy. International oil prices, which had threatened to hit $120 per barrel the previous day, plunged to around $85 following a single remark from President Trump hinting at an end to the conflict. In response, U.S. stock markets rebounded across the board, strongly flipping the market’s “risk-on” switch. As macroeconomic fears faded, pent-up long positions aggressively flowed into meme coins, where the lightest and most aggressive returns can be pursued.
However, economic experts unanimously warn that investors must remain acutely cautious of the toxic volatility lurking behind the steep gains in meme coins. Meme coins are assets that rely purely on market sentiment and liquidity, lacking clear fundamentals or intrinsic value. If President Trump’s unpredictable remarks, unforeseen developments in the Middle East, or upcoming macroeconomic data disappoint market expectations, capital could be the first to rush out like a receding tide, triggering devastating declines. Investors should therefore strictly avoid blind momentum chasing.
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