Meme coins have once again grabbed the market’s attention, with several tokens posting double-digit gains this week on the back of heavy social media activity. Trading volumes on decentralized exchanges for top meme tokens have spiked well above their monthly averages.
Market watchers caution that meme coin rallies remain among the most volatile corners of the crypto market, often driven more by sentiment and social momentum than underlying fundamentals. Sharp reversals have historically followed similar run-ups.
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