Analysis: The MEME coin sector has rebounded nearly 20% in the past month, with a total market capitalization rising to 34 billion USD

According to DL News, data from CoinMarketCap shows that the MEME coin sector has risen nearly 20% in the past month, with a total market capitalization increasing to $34 billion, but it is still down about 75% from its peak of nearly $140 billion in December 2024.

Analysts say that this round of rebound is mainly driven by improved risk appetite, increased on-chain speculation, and significant gains in a few leading tokens, which may not fully reflect the overall health of the sector. Dogecoin remains the MEME coin with the highest market capitalization and trading volume, but it has fallen 87% from its peak in 2021. In addition, the SEC and CFTC recently proposed a classification framework for five types of tokens, categorizing meme coins as collectibles; Canary Capital has also submitted a Pepe ETF application to the SEC.