FLOKI and DOGE benefited from rebounds.

Top meme coins, including FLOKI, have seen significant gains recently. Most of this is related to the increase in market capitalization as the token value has fallen significantly. June has just begun, and for the meme coin sector, the month may turn around later on. It has surged so far due to increased portfolio diversification, with traders and investors increasingly willing to explore options beyond BTC and ETH.

FLOKI is not alone. Accompanied by DOGE. Despite lagging behind from a low position, DOGE has surged 27.9%, outperforming many other digital tokens. It currently has a market capitalization of $945 million and is trading at $0.009148. At the time of this writing, it represents a surge of 22% in the last 24 hours. Inflows have increased significantly, reaching roughly 125% in a week and 215% in a month.

FLOKI was down 5.31% in the last 24 hours at press time, but up 39.19% in the last 30 days. It is currently listed at $0.0002644. The overall sentiment towards FLOKI is bullish with a Fear and Greed Index of 73 points and a 14-day RSI of 61.76. It is expected to change hands within 30 days for $0.00087. This would be a surge of 229.11% amid a typical volatility of 15.98%.

The total market capitalization of the cryptocurrency sector is $2.55 trillion. Meme coins account for approximately $61.5 billion, with DOGE and SHIB leading the way. Their market capitalizations are in the same order: $22.74 billion and $13.98 billion.

BTC and ETH are down 0.59% and 1.87% respectively over the last 24 hours. This comes after gains of 8.73% and 20.70% in the same order over the past 30 days. Bitcoin market capitalization fell 0.65%, and Ethereum market capitalization fell 1.90%.

Other tokens carrying the flag of optimism include BNB and BONK.

BNB is inching closer to the $630 resistance test, which could see it reach the $650 milestone by the end of the year. The token is currently listed at $625.31, down 0.64% in the last 24 hours. However, it has risen 4.11% over the past 7 days. BONK saw its token value increase by 10.76% over the past 30 days, but fell by 8.19% in one day. It is exchanging hands at $0.00003186.

The 24-hour trading volume in the memecoin sector decreased by 3.24%, reaching a low of $6.9 billion.

It is correct to assume that meme coins are in correction mode before a resurgence. FLOKI and DOGE, like other tokens, had significant gains before the correction. There has been a rebound and the next one may come back to the surface.