Memecoin market capitalization reaches $30 billion

The memecoin market capitalization was valued at approximately $30 billion as of mid-October 2026. While the broader cryptocurrency market saw a 39.6% increase in total capitalization during the third quarter, reaching $3 trillion, average daily trading volume across the sector declined by 8.6%.

Data from Bitquery indicates a significant gap between total market value and individual token longevity. In a study of Pump.fun launches, 79% of tokens recorded trades only on their launch day. Only 1.5% of tokens had any trading activity during the week starting 30 days after their launch, and a mere 0.2% recorded at least 10 trades during that period.

Among the sample, approximately one in 58 tokens graduated to a full trading pool. Tokens that reached this graduation milestone showed higher retention, with 43% continuing to trade in their fifth week, compared to 1% for those that had not graduated. CoinGecko reported that Dogecoin held a market value near $12.4 billion and Pepe near $1.6 billion during this period.