Meme-Token Category Hits $29.7 Billion as 79% of Pump.fun Tokens Trade One Day

The meme-token category had a market capitalization of $29.71 billion on Oct. 23, while six priced tokens in a seven-project comparison totaled about $20.27 billion.

The category snapshot, taken at 2:16 a.m. ET (06:16 UTC), also showed about $1.86 billion in 24-hour trading volume. Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) together represented $17.36 billion, or 58.4%, of the category’s market capitalization. The category-wide figure is broader than the seven-project comparison: MemeToro (MT), the seventh entry, had no comparable market quote.

Token Market capitalization 24-hour trading volume

Dogecoin (DOGE) $12.46 billion $545.85 million

Shiba Inu (SHIB) $2.97 billion $39.79 million

Pepe (PEPE) $1.93 billion $310.66 million

Pump.fun (PUMP) $2.14 billion $176.81 million

Pudgy Penguins (PENGU) $496.93 million $104.05 million

Bonk (BONK) $277.08 million $32.35 million

MemeToro (MT) No comparable quote No comparable quote

DOGE led the six priced tokens in both market capitalization and 24-hour volume. PEPE had the second-highest volume at $310.66 million, while Pudgy Penguins recorded $104.05 million. Market capitalization summarizes size, and 24-hour volume measures recent trading. Neither establishes whether activity will continue or how much could be traded at a particular price.

Of 8,984,141 tokens launched through Pump.fun between Nov. 1, 2025, and Oct. 7, 2026, 79% had trading activity only on launch day. That observation covers tokens created through the platform. It does not measure PUMP, Pump.fun’s own token, or all meme coins.

PUMP is separate from tokens launched through the platform. Its terms give holders no rights to platform revenue or distributions, so launch activity on Pump.fun does not establish a claim to that activity’s proceeds for PUMP holders.

MemeToro’s presale is listed as live and its launchpad as in development. Its proposed fair-launch escrow remains an unaudited draft that has not been deployed, and there is no working end-to-end launch. Trading was disabled in the token contract, and no decentralized-exchange liquidity pool was present. At the time of review, one wallet held about 65.75% of the supply. Without a comparable market quote, MT cannot be compared with the other six by market capitalization or volume.