The meme coin market is witnessing significant activity with various coins like $PEIPEI, $PONKE, and $BONK hitting new all-time highs and reclaiming market caps. $PEPE is noted for its high trading volume, surpassing $DOGE and $SHIB combined. The meme coin sector is experiencing a surge, with coins like $PONKE reaching a market cap of over $300 million and $MUMU hitting an ATH market cap of over $87 million. The GMCI Meme Index has seen substantial gains, with notable performances from $PEPE, $WIF, and $POPCAT.