Top 5 meme coins by market capitalisation in 2025

Meme coins have become a distinctive segment of the cryptocurrency market, shaped by online communities and viral trends rather than traditional fundamentals.

By Dan Mitchell13:49 (UTC), 24 November 2025 Updated

Communication technologies for internet business. Global world network and telecommunications on earth cryptocurrency, blockchain and IoT. Elements of this image furnished by NASA. — Top 5 meme coins: Which are the largest by market cap? – Photo: Shutterstock

From Dogecoin to newer projects like MemeCore, memecoins continue to capture global attention. Here, we review the top five by market capitalisation as of November 2025 and explain what drives their popularity, risk, and long-term relevance in the crypto space.

What are memecoins?

Memecoins are cryptocurrencies inspired by internet trends or popular culture, often launched as jokes or social commentary but later gaining traction through online communities. Dogecoin (DOGE), created in 2013, is widely recognised as the first memecoin, featuring the image of a Shiba Inu dog as its logo.

Since then, hundreds of meme-themed tokens have been created, many driven by community participation, humour and viral content. While their value is largely speculative, memecoins have developed loyal followings and, in some cases, introduced practical uses such as tipping, payments, or NFT integrations.

Top 5 memecoins by market capitalisation

According to CoinMarketCap, the five largest meme tokens by market capitalisation as of 20 November 2025 are:

Rank	Coin	Symbol	Price (USD)	Market cap
1	Dogecoin	DOGE	$0.1577	$23.96bn
2	Shiba Inu	SHIB	$0.00005875	$5.16bn
3	MemeCore	M	$2.06	$2.15bn
4	Pepe	PEPE	$0.00005488	$2.05bn
5	Official Trump	TRUMP	$6.80	$1.36bn

1. Dogecoin (DOGE)

Dogecoin (DOGE) remains the largest and most established meme cryptocurrency. Created in 2013 by Billy Markus and Jackson Palmer, it began as a parody of the rapidly expanding altcoin market.

Built on the Litecoin blockchain, Dogecoin has no supply cap, with more than 151.8bn DOGE in circulation. Its low transaction costs and fast processing speeds have made it a popular option for microtransactions and online tipping.

Dogecoin’s value is heavily influenced by community sentiment and social media exposure, particularly from public figures such as Elon Musk. Over time, it has gained limited adoption in retail payments — accepted by companies such as Tesla for certain merchandise and by various e-commerce platforms.

With a market capitalisation of nearly $24bn, Dogecoin ranks as the ninth-largest cryptocurrency overall in November 2025 (source: CoinMarketCap).

Past performance is not a reliable indicator of future results.

2. Shiba Inu (SHIB)

Shiba Inu (SHIB) launched in August 2020, created by an anonymous developer known as Ryoshi. Marketed as the “Dogecoin killer”, SHIB grew rapidly thanks to its strong online following, known as the Shib Army.

Operating on the Ethereum blockchain, it has evolved into a broader ecosystem including ShibaSwap, a decentralised exchange, and Shibarium, a layer-2 network designed to lower gas fees.

With a circulating supply of around 589 trillion SHIB, the token trades at fractions of a cent but remains one of the most liquid memecoins. As of November 2025, Shiba Inu ranks 24th by overall market capitalisation, at $5.16bn (source: CoinMarketCap).

Past performance is not a reliable indicator of future results.

3. MemeCore (M)

MemeCore is a newer entrant to the meme-coin sector, debuting in 2023. It aims to combine the viral nature of meme culture with more structured functionality, including NFT integration and token rewards for community engagement.

Built on the Ethereum network, MemeCore promotes itself as a “meme-to-earn” ecosystem, rewarding holders for content creation and participation. Despite its short history, MemeCore’s market cap now exceeds $2.1bn, with a seven-day growth rate above 15%.

4. Pepe (PEPE)

Pepe (PEPE), launched in April 2023, was inspired by the long-running Pepe the Frog meme. It achieved viral popularity shortly after launch, driven by community marketing and speculative interest.

Operating on Ethereum, PEPE has a total supply of 420.69 trillion tokens, a reference to its internet humour origins. Like most memecoins, its price has shown significant volatility, influenced largely by sentiment shifts and exchange listings.

By late 2025, Pepe’s market cap exceeds $2bn, with active trading across major exchanges such as Binance and Coinbase.

Past performance is not a reliable indicator of future results.

5. Official Trump (TRUMP)

The Official Trump token (TRUMP), introduced in 2024, reflects the growing trend of personality-based memecoins. Although primarily traded as a novelty asset, it has developed a following among political and meme communities.

Built on Ethereum, TRUMP has a fixed supply of 199.99 million tokens and trades at around $6.80 as of November 2025, giving it a market capitalisation of approximately $1.36bn.

Its price often responds to media coverage and political developments, illustrating how social sentiment — rather than traditional fundamentals — continues to drive many memecoin valuations.

Past performance is not a reliable indicator of future results.

Are memecoins still relevant in 2025?

Memecoins continue to attract attention for their cultural impact and speculative nature, though they remain highly volatile. Their performance is often tied to online engagement, new exchange listings, and shifts in broader cryptocurrency sentiment.

While projects such as Shiba Inu and MemeCore are introducing more practical features, others maintain their status as community-driven tokens. Traders should note that memecoins can experience sharp price swings, and should only be considered after independent research and awareness of the risks.

This article is provided for informational purposes only and does not constitute investment advice, financial guidance or a recommendation to buy or sell any financial instrument. The information is based on publicly available data from external sources. Cryptocurrency markets, including memecoins, are highly volatile and can fluctuate significantly over short periods. Past performance is not a reliable indicator of future results.

Create an account Open a demo account

FAQ

Are meme coins a good investment?

Meme coins are speculative digital assets whose prices often move in response to social media activity and online sentiment rather than underlying fundamentals. Their appeal lies in community participation and ease of access, but they can also experience high volatility and sudden price corrections. Some, such as Dogecoin and Shiba Inu, have expanded into broader ecosystems, while others remain limited in scope or short-lived. As with all speculative assets, it’s important to carry out independent research and understand the associated risks before considering exposure. Meme coins may form a small part of a diversified crypto portfolio, but they should not be viewed as a reliable or predictable source of returns.

How risky are memecoins compared with other cryptocurrencies?

Memecoins are often considered riskier than established cryptocurrencies like bitcoin or ether, as their prices tend to be more reactive to online sentiment and influencer commentary. Liquidity can fluctuate sharply, and smaller projects may face challenges such as limited transparency or inactive development teams. Unlike traditional financial assets, most memecoins lack intrinsic value or revenue models. It’s also important to remember that cryptocurrency markets operate continuously and can experience rapid price movements over short periods.

Can I trade memecoins as CFDs on Capital.com?

Yes, you can trade memecoin contracts for difference (CFDs) on Capital.com, gaining exposure to price movements without directly owning the underlying cryptocurrency. This allows you to speculate on both upward and downward price movements, depending on your market outlook. CFDs are traded on margin, and leverage amplifies both your profits and your losses.