The performance of meme coins in the current market, as of March 24, 2025, shows a mix of volatility and resilience. Top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) maintain strong market caps, with DOGE at over $61 billion and SHIB at $12.9 billion, driven by community support and utility expansions like Shibarium. Newer coins such as Pepe (PEPE) and Floki (FLOKI) have also gained traction, with PEPE hitting a $8.5 billion market cap earlier this year. However, the sector remains highly speculative, with prices prone to rapid swings fueled by social media hype. The overall meme coin market cap has stabilized around $50-70 billion in 2024, reflecting a 41% share of the Web3 market, though daily token issuance on chains like Solana adds complexity to sustained growth.