As bulls rest, meme volumes surge
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 7th January 2026.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Meme Market Capo Surges
Memecore (M) rose by 2.5% for the day as of 7:30 a.m. (EST) per CoinGecko. The runup in the MemeCore blockchain governance token comes even as primary memes pulled back slightly overnight, as investors wager that the surge in meme trading volume will continue.
Among the biggest winner of 2026 so far, the memecoin sector has seen massive inflows. Total meme market cap, as measured by coinmarketcap, has risen by roughly $11 billion this week to hover near $47 billion — the highest level since November. Trading volumes have expanded sharply over the same period to more than $8 billion daily.
What's down
XRP Pulls Back After Epic Bull Run
XRP bulls paused to catch their breath this morning.
As of 7 a.m. (EST), the token’s price had declined by 5.4% for the trailing 24-hour period, per CoinGecko, following a sharp rally into the new year.
While crypto markets broadly, and XRP specifically, have stormed out of the gate in 2026, sentiment indicators suggest that traders remain cautious. The Crypto Fear and Greed Index continues to remain in the red as geopolitical uncertainty remains heightened.
Excitement for XRP among securities investors remains unabated so far. Data released by Coinglass yesterday revealed $48 million in net inflows for spot XRP ETFs on Monday. This continues a long winning streak for XRP ETFs which have seen inflows for every trading day since November 13th.
What's next
Meme Marketers Work Overtime
The sudden return of capital to the meme market has spurred a deluge of new launch token announcements, each desperate to draw attention to itself.
While comprehensive figures for all DEX is difficult to find, data issued by Dune shows the number of new meme tokens created daily on Pump.fun alone averaged above 20,000 over the past month. While most are simply created and then forgotten, many are actively promoted in an increasingly competitive landscape.
In 2026 the process of introducing a meme token to the investing public is heavily automated with coordinated influencer promotions, social media, gaming tie ins, augmented by a barrage of AI generated content. One example is HOTA, which launched today.
HOTA, like many recent launches, is an anime story-based meme. According to the press release “Hotako’s story revolves around a curious cat-girl from Planet Nyaru who travels to Earth to teach humans the joy of learning and exploration through fun and community.”
With estimates that fewer than 0.0001% of memecoin launches achieve a $10 million market cap, Hotako has a challenging journey ahead.
