The meme coin category held $32.81 billion in market capitalisation at a data stamp of 20:42 UTC on September 4, 2026. That is 1.22% of the $2.70 trillion total crypto market capitalisation recorded one minute earlier. Dogecoin alone accounted for 40.22% of that category total, so the sector’s headline number is really one coin plus a long tail.
A market cap is a price multiplied by a supply, and in this sector both halves move fast. The headline market readings below carry the hour they were taken, and the remaining series carry their own dates or windows. SEC filing figures carry their filing dates instead. A market cap without a timestamp stops being true within a day.
Key Takeaways
- The meme coin category was worth $32.81 billion, or 1.22% of all crypto, on September 4, 2026.
- The eight largest meme coins together held $23.68 billion, which is 72.17% of the category.
- Official Trump trades on a circulating-to-fully-diluted ratio of 26.19%, while Pepe and SPX6900 both sit at 100.00%.
- Dogecoin’s market capitalisation fell 75.45% from its $43.68 billion twelve-month peak to its $10.72 billion trough.
- Two exchanges, Bitstamp and Kraken, made up 49.967% and 46.453% of the pricing benchmark behind a Nasdaq-listed Dogecoin fund as of July 31, 2026.
- Pump.fun has collected $1.21 billion in fees since launch, against a $1.69 billion market capitalisation for its own token.
- The SEC’s Division of Corporation Finance holds that meme coin transactions do not involve the offer and sale of securities under the Securities Act of 1933, so holders are not protected by the federal securities laws.
Editor’s Choice
- Meme category market capitalisation: $32.81 billion.
- Meme category volume over 24 hours: $3.87 billion.
- Largest meme coin by market capitalisation: Dogecoin at $13.20 billion.
- Largest ecosystem bucket: Solana meme coins at $3.64 billion.
- Solana decentralised exchange volume over 24 hours: $2.46 billion.
- Pepe’s supply at launch: 420.69 trillion tokens, cut in 2023 by a burn of approximately 6.9 trillion, leaving roughly 413.8 trillion.
Meme Coin Market Capitalization Statistics
- These meme coin market capitalization statistics start from the CoinGecko Meme category market_cap field, which reads 32812994584.30, or $32.81 billion.
- The same reading showed a 24-hour category change of -2.30%, or about $755 million of value in a day.
- Total crypto market capitalisation stood at $2.70 trillion across 19,572 tracked assets and 1,498 markets.
- Bitcoin dominance was 59.21% and Ethereum dominance 11.07% on the same capture.
- All-crypto 24-hour volume read $104.33 billion, against $3.87 billion in the meme category.
- Meme coins therefore drew 3.71% of the market’s trading volume while holding 1.22% of its value.
About This Data
Figures come from 11 sources captured on September 4, 2026: four SEC filings published between March and August 2026, plus one undated SEC staff statement. The other six are public API endpoints from CoinGecko and DefiLlama. Only primary filings and endpoints with a stated method qualified.
The headline market readings carry a minute-level timestamp because they decay, and the remaining series carry their own dates or windows; filing figures are stable. Readings refresh when the sources publish new data.
| Measure | Value | Reading time (UTC) |
|---|---|---|
| Meme category market capitalisation | $32.81 billion | 2026-09-04 20:42 |
| Meme category 24-hour volume | $3.87 billion | 2026-09-04 20:42 |
| Meme category 24-hour change | -2.30% | 2026-09-04 20:42 |
| Total crypto market capitalisation | $2.70 trillion | 2026-09-04 20:41 |
| Meme share of total crypto | 1.22% | 2026-09-04 20:41 |
| Bitcoin dominance | 59.21% | 2026-09-04 20:41 |
Source: CoinGecko API, September 4, 2026
The aggregate hides which chain is capturing new issuance. Readers tracking the wider category will find the coin-level view in the memecoins data set, which covers holder counts and launch survival rates; this page does not.
Meme Coin Market Cap by Blockchain Ecosystem
- Solana meme coins led every named ecosystem bucket at $3.64 billion, which is 11.09% of the whole category.
- Robinhood Chain meme coins reached $1.10 billion, the only bucket besides Solana above a billion.
- Four.meme ecosystem tokens on BNB Chain held $747.83 million, and Chinese-theme meme coins $743.52 million, separated by less than five million.
- Base meme coins totalled $302.22 million and TON meme coins $134.41 million.
- The smallest tracked bucket, TikTok meme coins, held $77.41 million.
- Parody meme coins gained 10.76% in 24 hours while the category as a whole fell.
Solana’s lead looks like a launch-venue effect, and the BNB Chain bucket ranks fifth in the chart above after Four.meme copied the one-click issuance model. Ethereum does not appear as a named bucket in the list above, and the Ethereum (ETH) data set carries that chain’s own view.
Recent Developments
- In August 2026, the 21Shares Dogecoin ETF began using the FTSE Dogecoin Index and moved sponsor-fee payment from weekly to at least quarterly.
- In August 2026, Dogecoin’s market capitalisation bottomed at $10.72 billion, the low of the trailing year.
- As of July 2026, Bitstamp and Kraken, between them, made up 96.42% of the pricing benchmark behind that fund.
- In April 2026, a post-effective amendment confirmed that shares of the Grayscale Dogecoin Trust ETF are listed on NYSE Arca under the symbol GDOG.
- In April 2026, the Canary PEPE ETF was registered on Form S-1.
- In March 2026, a filing-fee exhibit showed the Bitwise Dogecoin ETF reporting net sales of $1,526,960.00 for the fiscal year ended 12/31/2025.
Largest Meme Coins by Market Capitalization
- Dogecoin’s $13.20 billion is 4.29 times the market capitalisation of Shiba Inu, the second-largest meme coin.
- MemeCore reached $2.53 billion despite a 24-hour volume of only $1.75 million.
- Pump.fun’s own token held $1.69 billion, placing the launchpad above the coins it mostly issues.
- Official Trump held $594.56 million and SPX6900 $555.47 million.
- The top eight together reached $23.68 billion, or 72.17% of the category.
- The remaining tracked meme coins share roughly $9.13 billion between them.
By the numbers: Eight coins carry 72.17% of a $32.81 billion category, and the two largest are both more than four years old. Per CoinGecko’s September 4, 2026 capture, Dogecoin and Shiba Inu together hold $16.27 billion, more than the other six coins on the list combined.
Circulating Float Versus Fully Diluted Valuation
- Pepe and SPX6900 both carry a circulating-to-fully-diluted ratio of 100.00%, meaning no locked supply remains to be released.
- Official Trump sits at 26.19%, the tightest float in the top eight.
- Its fully diluted valuation of $2.27 billion is nearly four times its $594.56 million market capitalisation.
- MemeCore reads 41.94% and Pump.fun 47.33%, so both hold more than half their supply outside circulation.
- Dogecoin reads 90.84% and Shiba Inu 99.96%.
- Pudgy Penguins sits at 81.93%, between the two clusters.
- Two coins showing the same market cap can face very different futures when one still has most of its supply to issue.
What a market cap does not tell you: Market capitalisation counts only circulating supply. It says nothing about locked supply, about order-book depth, or about how large the last trade actually was. The fully diluted column above is the missing half.
The oldest large-float coins carry the least dilution risk, which is one reason the Shiba Inu float profile reads so differently from a 2025 launch. Pepe’s fully circulating supply is a design decision documented in a securities filing, covered further down this page.
Drawdown From All-Time High
- Official Trump trades 96.91% below its all-time high of January 19, 2025.
- Shiba Inu sits 93.94% below a peak set on October 27, 2021.
- Dogecoin is 88.42% below its May 7, 2021 high, meaning the largest meme coin has not revisited its peak in more than five years.
- Pudgy Penguins reads 87.86% and Pepe 87.22% below their December 2024 highs.
- MemeCore, whose peak came on July 2, 2026, is already 80.21% below it.
- Pump.fun holds the shallowest drawdown of the group at 51.44%.
- Six of the eight set their all-time high more than twelve months before this September 4, 2026 reading.
Dogecoin Market Capitalization Over Twelve Months
- The trailing-year series holds 366 daily observations of Dogecoin’s market capitalisation.
- It peaked at $43.68 billion on September 14, 2025.
- It bottomed at $10.72 billion on August 7, 2026, eleven months later.
- That path is a decline of 75.45% from peak to trough.
- The final observation, on September 4, 2026, read $13.20 billion.
- In percentage terms, the steepest month-open drop came between June and July 2026, from $15.49 billion to $11.15 billion.
Anyone tracking the coin itself will want the network-level series in the Dogecoin (DOGE) data set, which carries hashrate and address counts alongside price. The same twelve-month compression shows up across altcoins generally, though rarely this steeply.
Where the Price Inside a Meme Coin Market Cap Is Formed
- As of July 31, 2026, the constituent exchanges behind the 21Shares Dogecoin ETF pricing benchmark were Bitstamp, Kraken, Bitfinex, Gemini and LMAX.
- Bitstamp made up 49.967% of that benchmark by trading volume.
- Kraken made up 46.453%, Bitfinex 1.716%, Gemini 1.410%, and LMAX the remaining 0.453%.
- Over the three months to July 31, 2026, Bitstamp carried $494,063,724.33 in pricing volume across the benchmark.
- The benchmark carrying that composition is the FTSE Dogecoin Index.
- The fund adopted it on August 27, 2026, replacing the CF Dogecoin-Dollar US Settlement Price Index, so the composition above describes the benchmark it moved to.
Worth noting: Two venues set roughly 96% of the reference price that a regulated Dogecoin fund uses to strike net asset value, according to the fund’s own August 27, 2026 prospectus supplement. That concentration describes one fund’s pricing benchmark, not every published DOGE figure, since aggregator prices are struck across a far wider set of markets.
Order flow on centralised venues sets the price for the largest meme coins, while newer tokens price almost entirely on DEXs. That split is why two data providers can publish different market caps for the same small token on the same afternoon.
Meme Coin ETFs Registered or Filed With the SEC
- The 21Shares Dogecoin ETF is listed on the Nasdaq Stock Market and charges a unitary sponsor fee of 0.50% of net asset value.
- That fee accrues daily and is payable in Dogecoin at least quarterly in arrears.
- Grayscale Dogecoin Trust ETF shares are listed on NYSE Arca under the symbol GDOG.
- Grayscale has waived its entire sponsor fee until the earlier of three months from listing or the trust reaching $1 billion in assets under management.
- Bitwise Dogecoin ETF filings show an aggregate sale price of $2,500,000.00 and redemptions of $973,040.00 for the fiscal year ended December 31, 2025.
- Its registration fee for that year came to $210.87 at a fee rate of 0.0001381.
- A Form S-1 filed with the SEC on April 8, 2026 names Canary Capital Group LLC in the address block of the Canary PEPE ETF registrant.
| Registrant | Ticker | Venue | Sponsor fee | SEC filing |
|---|---|---|---|---|
| 21Shares Dogecoin ETF | Not stated in supplement | Nasdaq | 0.50% of NAV | Form 424B3, August 27, 2026 |
| Grayscale Dogecoin Trust ETF | GDOG | NYSE Arca | Waived until the earlier of 3 months from listing or $1 billion AUM | Form 424B3, April 16, 2026 |
| Bitwise Dogecoin ETF | Not stated in exhibit | Not stated in exhibit | Not stated in exhibit | EX-FILING FEES, March 27, 2026 |
| Canary PEPE ETF | Not stated in filing | Not stated in filing | Not stated in filing | Form S-1, April 8, 2026 |
Source: SEC EDGAR filings, March to August 2026
The wrapper matters for the market cap because it creates a buyer that must hold spot supply. Grayscale’s prospectus makes the mechanism explicit, and the same structural demand has reshaped how institutional investors reach other assets.
Trading Volume and Turnover Behind the Market Cap
- Official Trump turned over 56.88% of its market capitalisation in 24 hours.
- Pudgy Penguins turned over 40.24% and Pepe 20.87% over the same window.
- MemeCore turned over 0.07%, the thinnest in the group by a wide margin.
- Shiba Inu turned over 2.41% and Dogecoin 6.92%.
- Solana decentralised exchange volume reached $2.46 billion over 24 hours and $64.87 billion over 30 days.
- PumpSwap alone routed $838.66 million of the daily total.
- A 0.07% turnover on a $2.53 billion valuation is the clearest warning here: the price is real, the depth is not.
Supply Mechanics That Set Meme Coin Market Cap
- Pepe launched with a total supply of 420.69 trillion tokens.
- Approximately 93.1% of the total supply was sent to liquidity pools for public availability and trading at launch.
- The remaining 6.9% sat in a multi-signature wallet designated for exchange liquidity.
- In 2023, three former team members moved approximately 3.8% of the total supply, 16 trillion tokens, to exchanges to sell.
- A remaining team member then burned approximately 1.6% of supply, 6.9 trillion tokens, to the null address.
- Dogecoin pays a flat miner reward of 10,000 DOGE per block, which the filing expects to remain for the foreseeable future.
- Approximately 168.1 billion DOGE were outstanding as of December 31, 2025.
| Coin | Total supply | Launch distribution | Ongoing issuance |
|---|---|---|---|
| Pepe | 420.69 trillion tokens at launch, roughly 413.8 trillion after the 2023 burn | 93.1% to launch liquidity pools | None stated in the filing |
| Pepe (2023 CEX Wallet) | 6.9 trillion tokens burned, about 1.6% of supply | 6.9% held in a multi-signature team wallet for future use | 16 trillion tokens, about 3.8% of supply, sold to exchanges |
| Dogecoin | No cap stated in the filing | Not applicable | 10,000 DOGE per block, flat, expected to remain for the foreseeable future |
| Dogecoin (outstanding) | 168.1 billion DOGE | Measured December 31, 2025 | Reward schedule fixed since the 69-day era ended |
Source: SEC registration statements, 2026
What determines the market cap of a meme coin?
Circulating supply multiplied by the last traded price. Pepe launched with 420.69 trillion tokens and kept 6.9% in a multi-signature team wallet designated for future use. Part of that holdback was burned in 2023, so its supply has fallen rather than grown. Dogecoin is the exception, adding 10,000 DOGE per block, a reward expected to remain for the foreseeable future.
The Pepe supply history is unusually well documented, because a fund sponsor had to describe it under securities-law liability. Most tokens in this category have no such record.
Launchpad Economics Behind the Meme Coin Supply
- Pump.fun has collected $1.21 billion in fees since launch.
- It took $414.25 million in the trailing year and $47.88 million in the last 30 days.
- The last 24 hours produced $1.31 million, down 10.54% day-over-day.
- The protocol’s fee split is published as an open-source adapter, taking 1% of the bonding-curve trade fee before May 13, 2025, and 0.95% after.
- PumpSwap routed 34.10% of all Solana decentralised exchange volume in the last 24 hours.
- Orca followed at 11.38%, BisonFi at 9.45%, Meteora DLMM at 7.58%, and Raydium AMM at 6.71%.
- The issuance layer converts attention into revenue whether the coins it launches survive or not, which makes launchpad fees a steadier read on meme coin activity than any single token’s market cap.
| Metric | Value | Window |
|---|---|---|
| Pump.fun fees, all time | $1.21 billion | Since launch to September 4, 2026 |
| Pump.fun fees, trailing year | $414.25 million | September 2025 to September 2026 |
| Pump.fun fees, last 30 days | $47.88 million | August to September 2026 |
| PumpSwap share of Solana DEX volume | 34.10% | 24 hours to September 4, 2026 |
| Solana DEX volume, 30 days | $64.87 billion | August to September 2026 |
Source: DefiLlama, September 4, 2026
Venue concentration on the trading side mirrors the concentration in the pricing benchmarks above, with one venue carrying roughly a third of daily flow.
| Solana DEX venue | Share of 24-hour volume (%) |
|---|---|
| PumpSwap | 34.10 |
| Orca DEX | 11.38 |
| BisonFi | 9.45 |
| Meteora DLMM | 7.58 |
| Raydium AMM | 6.71 |
Source: DefiLlama, September 4, 2026
Meme Coin Market Cap Under U.S. Securities Law
- The SEC’s Division of Corporation Finance has stated that transactions in the meme coins it describes do not involve the offer and sale of securities under the federal securities laws.
- The same statement says participants in those offers do not need to register their transactions with the Commission under the Securities Act of 1933.
- It also states that neither meme coin purchasers nor holders are protected by the federal securities laws.
- Staff describes meme coins as bought for entertainment, social interaction, and cultural purposes, with value driven primarily by market demand and speculation.
- A registrant’s own definition, filed with the SEC, describes a meme coin as an asset whose market value is driven primarily by online popularity, cultural relevance and social sentiment rather than technological utility.
| Dimension | Position stated in the filings |
|---|---|
| Security status | Transactions in the meme coins described do not involve the offer and sale of securities |
| Registration | No Securities Act registration required for these transactions |
| Holder protection | Purchasers and holders not protected by federal securities laws |
| Staff characterisation | Akin to collectibles; typically limited or no use or functionality |
| Exchange-traded wrapper | Registered or filed for registration separately as a trust; the coin itself remains outside |
Source: SEC Division of Corporation Finance staff statement, undated, and SEC registration statements filed in 2026
No securities-law backstop: neither meme coin purchasers nor holders are protected by the federal securities laws, according to the SEC’s Division of Corporation Finance staff statement on meme coins. Under that view, participants in these transactions need not register them with the Commission or rely on a registration exemption. A fund wrapper around a meme coin does not change the status of the coin.
A fund wrapper is registered with the SEC even where the underlying coin is not. The Canary PEPE registration statement sits earlier in that process: a registration statement on file rather than a post-effective prospectus. Enforcement patterns across the wider asset class are tracked in the SEC and CFTC crypto enforcement data.
What’s a good market cap for a coin?
No threshold makes a market capitalisation good, and the figures on this page show why. MemeCore carried $2.53 billion in market capitalisation on a 24-hour turnover of 0.07%, while Official Trump carried $594.56 million on a turnover of 56.88%. The larger number described the thinner market.
A more useful reading pairs three figures: market capitalisation, the circulating share of fully diluted supply, and daily turnover. On that basis, Pepe, at $1.51 billion with a 100.00% float and 20.87% turnover, is a materially different asset from Official Trump at a 26.19% float, even though both sit in the same category table.
Is it better to have a higher or lower market cap?
Neither, considered alone. A higher market capitalisation means a larger existing valuation, not a cheaper or safer one, and Dogecoin’s $13.20 billion still sits 88.42% below a peak set in May 2021.
What the size does change is the mechanics around the asset. The largest meme coin has attracted an exchange-traded product carrying a 0.50% sponsor fee and a published pricing benchmark, and that wrapper sits on top of an asset the SEC’s staff has said is not itself a security. Scale buys infrastructure and liquidity; it does not buy downside protection, and nothing on this page should be read as a recommendation to hold any of these assets.
Conclusion
The meme coin category was worth $32.81 billion at 20:42 UTC on September 4, 2026, which is 1.22% of a $2.70 trillion crypto market, and 72.17% of that sits in eight coins. The float behind those eight ranges from 100.00% at Pepe to 26.19% at Official Trump, so identical valuations describe very different supply futures.
The plumbing around the category changed this year: registered fund wrappers, named pricing benchmarks, and a launchpad layer with a billion-dollar fee history. Those three now shape the category more than any single token narrative does.