Simply put
- DOGE increased by 17% last week, reaching its highest value since early December.
- Other popular meme coins like PEPE and SHIB also saw gains during this same timeframe.
- At the same time, meme coin launches and trading volumes are beginning to rebound on Solana’s leading token launchpad.
Dogecoin (DOGE) has surged over 17% this week as the overall cryptocurrency market shows signs of recovery, with Bitcoin nearing $95,000.
This boost has pushed DOGE prices above $0.15 for the first time since early December, even reaching $0.155 early Tuesday. Recently, it was trading at around $0.146, aligning with a downward movement seen in other major cryptocurrencies.
The uptick in Dogecoin’s price aligns with consecutive trading days of influxes for the new Doge ETF, which recorded $3.9 million in inflows from January 2nd to 5th.
Additionally, the total meme coin sector has risen by over 24% this week, per data from CoinGecko. This surge was primarily driven by a 56% jump in PEPE and a 27% increase in Shiba Inu (SHIB), significantly outpacing gains from larger cryptocurrencies like Bitcoin and Ethereum, which advanced by 4.8% and 9.2%, respectively.
Tokens associated with Solana, such as Bonk (BONK) and Pudgy Penguins coin PENGU, also enjoyed increases of 52% and 41%, respectively, as positive trends in meme coin metrics emerge on fast Layer 1 networks.
Solana has been pivotal in initiating a meme coin trading boom in 2024 and early 2025. However, interest appeared to wane in the latter part of last year, with token deployments and trading activity on popular launch pads like Pump.fun and LetsBonk dropping off.
For context, in September, daily token creations often exceeded 25,000. Yet, by the end of the year, that benchmark was only surpassed three times in the final quarter of 2025.
Nevertheless, with the current price rebound, interest in these riskier assets is picking up again, indicated by a revival in the number of daily token issuances. This month alone, at least 25,000 tokens have been generated daily, save for January 1st.
Moreover, trading volumes on launch pads have climbed back above $100 million daily from a low of $57 million in November. Beyond that, established meme tokens like FARTCOIN and Dogwife Hut (WIF) have also seen a surge of over 48% in just 24 hours, with each surpassing $1 billion in total trading volume.
Overall sentiment towards meme coins seems to be on the up, with reports from social tracking and analysis company Kaito AI showing that memes have emerged as the hottest topic in the crypto space recently.
Data from the analysis platform Cookie.fun backs this up, revealing that meme coins like PEPE, BONK, and DOGE ranked among the top 10 in terms of mindshare last week.
