The largest meme cryptocurrencies are once again outperforming the market benchmark, with some lesser-known coins securing their spots in the top league. Dogecoin (DOGE) has replaced Toncoin (TON) as the ninth largest cryptocurrency, while Pepe (PEPE) has surpassed Polygon (MATIC).

Among the notable performers is Popcat (POPCAT), a cat-themed meme coin that has recently entered the top 100 cryptocurrencies on CoinGecko. In the last 24 hours, POPCAT has seen a 12.8% increase, nearly reaching a market cap of $900 million. Over the past week, its price has surged by over 80%, allowing it to surpass veteran products like Neo (NEO), BitTorrent (BTT), dYdX (DYDX), Ethena (ENA), and Akash Network (AKT).

Another significant gainer in the meme coin sphere is Bonk (BONK), which has experienced a 10.4% increase overnight. Its market cap is now above $2.18 billion, bringing it close to surpassing Optimism (OP) and Sui (SUI) and entering the top 50 cryptocurrencies by market cap. Despite the overall positive performance of meme coins, some, including Shiba Inu (SHIB), Dogwifhat (WIF), and Book of Meme (BOME), are underperforming compared to the market benchmark.

The net capitalization of the crypto segment has increased by 3.7% in the last 24 hours, while SHIB, WIF, and BOME have only seen gains of 0.5-2.5%. The segment of meme coins has added 5% overnight, with some of its most volatile subclasses posting more impressive gains. The cat-themed meme coin group, led by POPCAT, MEW, and MOG, is up by 15%.

In conclusion, the meme cryptocurrency market is experiencing a significant surge, with POPCAT and BONK leading the charge. While some meme coins are underperforming, the overall trend suggests a bullish market for this segment. As the market continues to evolve, it will be interesting to see if these gains can be sustained.