Memecoin comeback talk builds as DOGE, SHIB, BONK rally in early 2026

Group 1 - Memecoins have experienced a significant bounce in early 2026, with dog-themed coins leading the gains, including Dogecoin rising by 11% and Shiba Inu by 13% over 24 hours [1] - The momentum in memecoins is reflected in the popularity of PEPE, which serves as a proxy for speculative risk-on positioning, indicating a broader trend beyond just a few tokens [2] - A recent increase in memecoin dominance within the altcoin market suggests that capital is returning to speculative assets after a period of decline, although past trends indicate that such cycles can be volatile [3] Group 2 - The concentration of SHIB supply among the largest wallets, with the top 10 wallets controlling nearly 63%, highlights the potential for amplified volatility in the market [4] - Current market conditions, including the bounce in Bitcoin and Ether, suggest that traders are gravitating towards tokens that can respond sharply to small inflows, particularly those with strong derivatives markets and social momentum [5] - While the recent rebound in memecoins indicates a rising speculative appetite, caution is advised as these rallies can be fragile and may not signal a sustained altcoin run [6]