coindesk.com
Crypto’s latest rally is spreading into the market’s more speculative corners, with dog and cat-themed memecoins posting some of the biggest gains as traders move further out on the risk curve.
Robinhood-based Cash Cat led the move Tuesday, jumping about 51% over 24 hours to $0.218 and more than 113% over the past week. The token has gained about 345% over 30 days, taking its market value to roughly $215 million.
Other cat-themed tokens have joined the chase. Thinking Cat has surged 131% over seven days, Purr is up 93%, Popcat has jumped 54% and cat in a dogs world, or MEW, has climbed 49%.
The same pattern is showing up among dog coins. Dog (Bitcoin) has nearly doubled over the past week, while dogwifhat has climbed 64%, Bonk 47% and Floki 40%.
Even the largest memecoins are participating, though with smaller gains. Dogecoin is up about 32% over the past seven days and Shiba Inu about 30%.
Memecoins are cryptocurrencies built largely around internet jokes or communities rather than a traditional business or cash flow. Their prices tend to react strongly when traders become more willing to take risk, making the smaller tokens a useful gauge of speculative appetite.
The latest moves suggest some of the gains that began in larger cryptocurrencies are now reaching tokens further down the market-cap rankings, where thinner liquidity can produce much larger percentage swings.
Cash Cat is a good example. About $80 million of the token traded over the past 24 hours against a market value of roughly $215 million — or unusually heavy turnover for a coin of its size.
That can work both ways, however. Smaller memecoins can rise much faster when buyers pile in, but the same lack of depth can magnify losses when traders head for the exits.
Sentiment is heating up alongside the memecoin rally. The Crypto Fear & Greed Index has jumped to about 75, its highest since early October 2025, after sitting near 30 barely a week ago.
That previous move into the 70s came shortly before the Oct. 10 deleveraging wipeout, though the index measures current sentiment rather than predicting another crash.