Meme coins as a pack are strutting this weekend, with the entire sector climbing 9.7% to hit $92.2 billion. Leading the charge is dogecoin (DOGE), the first and most famous of them all, notching a 6.6% boost in the past 24 hours. By 2 p.m. Eastern, one DOGE fetched $0.287 per coin. After tagging $0.3068 on Binance, however, a quick sell-off clipped the rally.

The current price of about $0.28 per DOGE gives dogecoin a market cap of roughly $43.45 billion. That means DOGE alone commands 47.12% of the $92.2 billion meme coin market. Beyond Saturday’s bump, DOGE has climbed 34.6% in the past week, and its 12-month stats show a hefty 167% gain against the greenback. Even so, at $0.28 per coin, dogecoin still needs to rally more than 60% to revisit its all-time high of $0.7316 set on May 8, 2021.

Some of the bullish fuel behind DOGE includes the recent REX-Osprey Dogecoin exchange-traded fund (ETF) dubbed DOJE, and Cleancore’s move to add DOGE to its treasury. Onchain data also shows whales stockpiling more DOGE, while the meme coin managed to push past both its weekly simple moving average (SMA) and its monthly SMA during the charge toward $0.30.

Dogecoin’s recent performance hints at a renewed appetite for risk in the meme coin sector, with institutional nods and whale activity amplifying its momentum. While history reminds investors of lofty peaks, current moves suggest DOGE’s narrative is far from finished, keeping markets intrigued. Joining its canine cousin, shiba inu (SHIB) — the second-largest meme coin by market cap — has wagged its way to a 15% gain this week.

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