The meme coin sector has experienced a significant resurgence, with its market capitalization climbing nearly 20% over the past month to reach $34 billion, according to CoinMarketCap data. Despite this growth, the sector remains approximately 75% below its December 2024 peak of nearly $140 billion. Analysts attribute the rebound to improved risk appetite and increased on-chain speculation, although they caution that these factors may not fully indicate the sector's overall health. Dogecoin continues to lead the meme coin market in terms of capitalization and trading volume, despite being down 87% from its 2021 high. In regulatory developments, the SEC and CFTC have proposed a new classification framework for tokens, categorizing memecoins as collectibles. Additionally, Canary Capital has filed an application with the SEC for a Pepe ETF, signaling potential institutional interest in the sector.