Pepe, Dogwhiphat and Brett jump when the meme coin market is activated

After Tron released its own Pump.fun, most of the meme coins took off when the sector was activated. In turn, market favorites Pepe (PEPE), Dogwifhat (WIF) and Brett (BRETT) all jumped in price.

The biggest winner of the day was Sundog (SUNDOG), the largest meme coin launched by SunPump, a competitor to Pump.fun by controversial Tron creator Justin Sun. Within a few days of its launch, the token crossed a market cap of $178 million and has seen a 124 percent increase in the last 24 hours.

No other token launched on the new protocol has come close to trading sideways on the day, with Sundog (FOFAR) running at a market cap of $25 million.

Another big winner is the base chain star meme coin BRETT, up 26%. It is closing in on regaining the $1 billion market cap—which it lost earlier this month. PopCat (POPCAT) is up 26%, DogwhipHat (YF) is up 19%, and Mog Coin (MOG) is up 17%.

And in the country of Shiba Inu-based meme coins, the Neros are still fighting. Neiro On ETH (Neiro) rose 29% on the day and now has a market value of $160 million, while its Ethereum competitor Nero (NEIRO) fell 38% to $20 million. Meanwhile, Solana's rivals sit at $11 million and $4 million. It looks like Nero is up against ETH in the dog-based Civil War.

Specifically, there are only 12 losers in the market value of 100m coins, Koingeco said.

And most importantly, smoking chicken fish – a meme coined by a self-styled church that has formed a religion around the comical image of a fish with a cigarette in its mouth. It lost 11% on the day. This sees the token fall below the $24 million market cap.

Today's meme coin gains happen against the backdrop of traders who have been frustrated with meme coin factory Pump.fun flooding the market with too many tokens. But Tron's competitor seems to have breathed new life into the sector as it makes its way onto the token launchpad.

Edited by Stacy Elliott.