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Memecoins have experienced a notable surge in market activity, outperforming other sectors including Bitcoin, artificial intelligence, gaming, and decentralized finance. According to market analysis by Velo, the meme sector is currently leading the cryptocurrency market's momentum. Bitcoin memecoins, particularly Dogecoin (DOGE), have shown strong gains, with DOGE rising by 39.6% in a single day. This upward trend has attracted attention across various blockchain platforms, including Solana, where memecoins are also gaining traction.

