Memecoin Market Cap and Volume Surge With Risk-On Sentiment

[etfs]

After enduring a steep slump in 2025, the total memecoin market cap has jumped back above $45 billion, and trading volumes have spiked dramatically compared with the end of last year. This surge in activity underscores how quickly speculative assets can rebound when investor sentiment shifts back toward risk.

However, analysts caution that these rallies often carry elevated volatility, meaning prices can swing sharply in either direction. While growing social engagement and trading activity signal renewed interest, memecoins are still highly reflexive assets that can reverse course if buying momentum fades.

[Revenant]

Liquidity comes back faster than fundamentals.

[Capybara_Capybara]

Volume leads price, not conviction.

[The_Walking_Dead]

Reflexivity > valuation.