• The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar.
• Dogecoin and shiba inu make up 94.34% of the total $22.6 billion in the meme coin economy, and have increased 29.4% and 71.9%, respectively, this month against the greenback
• Over the past 24 hours, arbinu (ARBINU), duckereum (DUCKER) and onigiri neko (ONIGI) were some of the largest gainers, while dogecoin decreased 1.7%.

Overview

The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar since Jan 9th 2023 with a total value increase of $5.8 billion dollars suggesting that demand for meme tokens is still high.

Dogecoin & Shiba Inu Dominate Meme Coin Market

Dogecoin (DOGE) and shiba inu (SHIB) make up 94.34% of the total $22.6 billion in the meme coin economy and have increased 5.3 % to 22.1%, with SHIB seeing larger gains.

Gainers & Losers

This week’s largest gainers among meme tokens include pomeranian eth (POM), up 117.2%, baby doge coin (BABYDOGE), up 113 .9%, and polydoge (POLYDOGE), up 86 .7%. On Feb 5th 2023 ,the largest gainers over 24 hours included arbinu(ARBINU), duckereum(DUCKER) and onigiri neko(ONIGI). However ,dogecoin decreased 1 . 7 % against US Dollar.

2023 Gains

On Dec 18th 2022 ,49 days ago ,the market valuation of all meme tokens was 16 . 4billion dollars since then it has grown 36 . 96 % against US Dollar.

Conclusion

Most of activity remains focused on top two coins , DOGE & SHIB indicating that demand for meme assets continues to exist despite a 34 % rise against US Dollars & $5 . 8 Billion Value added in 27 days