The memecoin industry is experiencing a significant boost, with notable contributions from Dogecoin (DOGE) and Shiba Inu (SHIB). The recent launch of Donald Trump and Melania Trump memecoin projects has led to a substantial increase in trading volumes across the market.
CryptoQuant's CEO suggests that this trend could mark the commencement of a new altcoin season lasting until 2028. Market data indicates a 24-hour average trading volume surge of over 118%, now hovering around $80 billion, signaling increased investor interest in memecoins.