Popular analytics service related to cryptocurrencies CoinGecko published the data On the topic of artificial intelligence Cryptocurrency meme It showed amazing growth today, January 2, as the market value increased significantly.

According to this popular data platform, the total market capitalization of AI meme coins has surpassed the $10 billion market mark, showing an amazing growth of 26.4% over the past 24 hours.

Ai16z leads AI coin rally ahead of New Year's Eve

The trading volume during the past day reached $2.46 billion. The largest AI meme coin among them is ai16z with a market capitalization of 2.659 billion.

like Reported by U. Today Earlier, this AI-powered meme coin led the meme coin rally at the end of December, showing a massive 40% rise in price within a single day – December 28.

Two weeks before that day, a mysterious whale spent $10 million USD to acquire 13.16 million ai16z. Within two weeks, the price rose significantly, generating unrealized profits for the whale of about $6 million.

Speaking of rising prices, this meme coin, despite being launched back in October 2024, has already soared to a high level surpassing the leaders of the meme market - Dogecoin, Shiba Inu and Pepe Coin, with ai16z currently trading at $2, while DOGE is at $0.34 and both SHIB and PEPE are trading for well under $1 each.

Elon Musk briefly changed the X logo to PEPE

On December 31, tech billionaire Elon Musk stunned the cryptocurrency and X communities by adopting a new pseudonym on the X app, along with a new avatar, for two days. He began calling himself Kekuis Maximus, and put a picture of Pepe the Frog on his profile.

Kicius Maximus was inspired by the popular meme Pepe the Frog and the main character in Ridley Scott's Gladiator movie Maximus Decimus Meridius - the frog character wears Roman armor and a red cloak, looking like a Roman general in it. The official PEPE account on the X platform responded to Musk's gambit, saying, "Game on."

This caused the price of PEPE to rise by approximately 12%. Founder of Cardano Charles Hoskinson reactedSaying that “norms” may find it difficult to understand the concept of “Kek”. He said it has "sixteen layers of memes, internet culture, and certainly cryptocurrencies underneath all of this."