The GMCI index for memecoins rose nearly 10% as top tokens like rose in the past 24 hours. 

The highest gainer was Shiba Inu (SHIB), which gained 5.36% to $0.000019 in the past day and now has more than a quarter of The Block's GMCI meme index weight.

Dogecoin (DOGE) followed second with a weight of 23.3%, with the token seeing a 3.88% rise to $0.13. And Pepe (PEPE) came third with a weight of 16.4%, increasing 19.55% to $0.000012 in the past day, according to The Block Prices. 

Poltical memecoins

Political memecoins also saw a change in the past day. CoinGecko finds that Jeo Boden, the purposely misspelled memecoin named for United States President Joe Biden, increased 4.1% to $0.035 in the past day. The MAGA (TRUMP) token dropped 4.35% in the past 24 hours to $7.87.

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