The meme coin sector showed early signs of renewed trading activity this week, with volumes rebounding even as total market capitalization slipped slightly. According to the latest weekly snapshot from CoinMarketCap, meme coin market cap stands at $44.48 billion, down 0.78% on the week, while trading volume climbed to $5.62 billion, marking a 1.38% increase. The divergence suggests speculative interest is returning selectively, favoring short-term momentum plays over broad market accumulation.
Explosive Gainers Dominate Weekly Performance
This week’s leaderboard was defined by extreme outliers rather than steady sector-wide growth.
TRUMP AI (TRUMP) led all meme coins by a wide margin, posting a staggering +66,178% seven-day gain and reaching a market capitalization of $9.47 billion. The move places it among the largest meme coins by valuation in a matter of days.
Other standout performers included:
- •PsyopAnime (PSYOPANIME), up 18,108%, with a market cap exceeding $10.1 million
- •Moo Deng (MOODENG), gaining 9,880%, pushing valuation to $43.3 million
- •Two smaller Asia-themed meme tokens posting gains of 5,470% and 4,978%, respectively
The scale of these moves highlights a return of high-risk, high-velocity trading behavior rather than organic ecosystem growth.
New Launches Drive Short-Term Liquidity Surges
Several newly launched tokens played an outsized role in this week’s activity. PSYOPANIME briefly surpassed $25 million in market capitalization within days of its January 9 launch, reflecting rapid capital rotation into fresh listings.
Another notable debut was NYC, a meme token associated with a former New York City mayor narrative, which peaked near $170 million in market cap on its first day before reversing sharply. The pattern reinforces how quickly sentiment can flip once early momentum fades.
Pump.fun Signals Creator Economy Shift
Beyond price action, infrastructure developments also caught traders’ attention. On January 10, Pump.fun, Solana’s largest meme coin launchpad, signaled plans for a major overhaul of its creator fee-sharing model. While details remain limited, the announcement suggests platforms are adjusting incentives to retain creators as competition intensifies.
Market Takeaway
This week’s rebound in volume, paired with declining market cap, paints a familiar meme coin picture: aggressive speculation concentrated in a handful of new or narrative-driven tokens. Liquidity is flowing, but unevenly, and sustainability remains questionable as traders continue to rotate rapidly between launches.
As January progresses, the meme coin market appears less dormant, but far from stable.