The crypto market is up on July 26, with meme coins leading the charge. Shiba Inu is the top gainer among meme coins as retail hype returns ahead of a potential CLARITY Act vote. The total meme coin market cap increased by 11% to $24.74 billion, according to market data.
Shiba Inu leads the pack
Shiba Inu posted the strongest gains among major meme coins on July 26, outpacing Dogecoin, Pepe, and other tokens in the sector. The rally comes as trading volumes pick up across retail-focused exchanges, with Shiba Inu seeing a notable spike in activity.
Retail hype returns
The broader meme coin surge coincides with renewed retail interest. Traders are positioning ahead of a possible vote on the CLARITY Act, a bill that could clarify the regulatory status of certain digital assets. The prospect of clearer rules has drawn back some of the retail crowd that had pulled back during the regulatory uncertainty of recent months.
The CLARITY Act vote is the next major catalyst for the meme coin market. If the bill advances, it could provide a clearer path for tokens like Shiba Inu to operate under U.S. law. For now, the market is watching the legislative calendar — and betting on a favorable outcome.
