Dogecoin (DOGE) Second Best Performer in Top 100, Bonk (BONK) Follows

Meme Coins Surge as Crypto Market Rebounds

As the cryptocurrency market recovers from a sluggish start to 2025, meme coins have emerged as a highlight. Their surge has fueled double-digit rallies, rivaling even mid-cap altcoins with significant technological advancements.

Dogecoin Leads the Charge

Dogecoin (DOGE), the largest meme cryptocurrency, has surged by 14.2% today. Its market capitalization has increased by over $7 billion overnight, propelling it to the top of the daily gainers list as of January 4, 2025. Dogecoin has cemented its position as the seventh largest crypto by market cap, leaving the closest competitor, USDC, with a market cap of $45 billion.

Other Meme Coins Join the Rally

Dogecoin is not the only meme coin experiencing growth. Brett (BRETT) has returned to the top 100 with a 12.2% gain over the past 24 hours, targeting a market cap of $1.5 billion. Bonk (BONK), another popular meme coin, has also gained ground with a 10.1% surge overnight, reaching a market cap of $2.68 billion.

Other meme coins such as Floki Inu (FLOKI), Dogwifhat (WIF), and Shiba Inu (SHIB) have also outperformed the broader market with gains ranging from 3.5% to 5.5%. The meme coin segment as a whole has risen by 10% in 24 hours, bringing its total market cap to $17 billion, according to CoinGecko.

Sui and Ethena Soar on Announcements

Sui (SUI) and Ethena (ENA), native tokens of a renowned L1 protocol and a multi-purpose EVM DeFi protocol, respectively, have also experienced significant growth today.

Ethena's co-founder celebrated the platform's achievements in 2024, highlighting its growth and efficiency. The protocol plans to launch a new stablecoin, iUSDe, to accelerate cryptocurrency adoption among traditional asset managers and expand its reach within the Telegram ecosystem.

Sui, with a surge of almost 20%, has become the undisputed best performer, breaking through its $4.88 resistance level outlined by Raoul Pal and setting a new all-time high.