The biggest meme coins are back in the limelight as the cryptocurrency market recovers from a lacklustre start to 2025. Their optimism causes price increases in the double digits, which are only matched by mid-cap altcoins that have made significant technological strides.
Dogecoin (DOGE) the 2nd best performer
The biggest meme cryptocurrency, Dogecoin (DOGE), is up 14.2% today. With a capitalisation increase of more than $7 billion in a single night, DOGE became one of the top daily gainers on January 4, 2025. By market capitalisation, Dogecoin (DOGE) became the sixth biggest cryptocurrency.
On the other hand, among the best-performing cryptocurrencies, Dogecoin (DOGE) is far from alone. After a 12-hour rise of 12.2%, Brett (BRETT), based in the United States, is once again among the top 100. The asset aims for a market cap of $1.5 billion. Coins like Bonk (BONK), which are widely used in online meme communities, are also doing well.
Thanks to its 10.1% overnight gain, its market cap reached $2.68 billion as trading volume surged. Floki Inus (FLOKI), Dogwifhats (WIF), and Shiba Inus (SHIB) are also performing better than the market, with increases of 3.5% to 5.5%. Meme coins rose 10% in 24 hours, reaching a market valuation of $17 billion.
Sui (SUI) and Ethena (ENA) prices surge
Two native cryptocurrencies of the namesake L1 and the multi-purpose EVM DeFi protocols, Sui (SUI) and Ethena (ENA), respectively, are experiencing meteoric rises in value today. The co-founder of Athena (ENA) gave an aspirational retrospective and outstanding outcomes from the year 2024. USDe, Ethena’s stablecoin, shot up the rankings, and the protocol was name the most resource-effective in Crypto.
By revenue per full-time employee and the fastest-growing firm. Launching a new stablecoin called iUSDe, the protocol hopes to boost its visibility in the Telegram environment and hasten the adoption of cryptocurrencies among TradFi asset managers. Sui (SUI) became the clear leader with a gain of about 20%. The coin broke through Raoul Pal’s $4.88 resistance and reached a new record high.
Summary
The meme coin market has surged as cryptocurrency recovers from a slow start to 2025, with significant price increases. Dogecoin (DOGE) saw a 14.2% rise, increasing its market cap by over $7 billion in one night. Making it the sixth-largest cryptocurrency. Other meme coins like Bonk (BONK), Floki Inu (FLOKI), and Shiba Inu (SHIB) also experienced notable gains, pushing the meme coin market valuation to $17 billion.
FAQs
How much did Dogecoin (DOGE) rise in January 2025?
Dogecoin (DOGE) rose by 14.2%, adding over $7 billion to its market cap, making it the sixth-largest cryptocurrency.
What is the market valuation of meme coins?
The meme coin market reached a valuation of $17 billion, with coins like DOGE and BONK driving much of the growth.
What other cryptocurrencies are surging besides meme coins?
Sui (SUI) saw a 20% rise, breaking resistance levels, while Ethena (ENA) also experienced significant growth after launching a new stablecoin.
What is the role of Ethena's new stablecoin?
Ethena's stablecoin, iUSDe, aims to increase visibility and accelerate cryptocurrency adoption among traditional finance asset managers.
