Memecoins have been experiencing significant gains in the crypto market. Shiba Inu (SHIB) has led the surge with a 28.08% rise in the last 24 hours and a 43% increase over the week. Other notable gainers include Dogecoin (DOGE) with a 7.49% increase and BNB with a 5.18% gain. The trend is being observed across various platforms, including Horizon Futures and the broader market, with coins like DOG•GO•TO•THE•MOON (DOG) seeing a 26.22% increase and Ethena (ENA) with a 21.14% rise. Additionally, MOODENG saw an 82% increase, and PUPS rose by 49%. However, some memecoins such as Hamster Kombat (HMSTR) and First Neiro On Ethereum (NEIRO) have faced losses, with HMSTR dropping by 22.83% and NEIRO by 10.5%. Analysts suggest that this memecoin rally could potentially lead to a broader crypto market rally.