The memecoin market has experienced a notable increase, with its market capitalization rising by 7.17% to reach $44.69 billion over the past 30 days, according to CoinMarketCap data. Trading volume for memecoins also saw a significant boost, climbing 17.42% to $4.75 billion during the same period. This surge suggests a renewed interest in memecoins, often driven by community engagement and viral trends.