The meme coin sector has seen a notable 128% surge in trading volume over the past 24 hours, reaching $14 billion, driven by strong community engagement and speculative interest. Key players like Dogecoin (DOGE) and Shiba Inu (SHIB) led the rally, with DOGE up 12% and SHIB gaining 18%. Analysts attribute the momentum to retail investors flocking to high-risk, high-reward assets amid broader market optimism. However, experts caution about volatility, as meme coins remain highly sensitive to social media trends and influencer endorsements. The sector's rapid growth highlights the ongoing retail-driven speculative activity in crypto markets.