Another thrilling week for meme coins. It's a rollercoaster that never ends, and this week was positive after a long period of struggling. The top 10 meme coins continue to showcase volatility and speculation that define this corner of the crypto market.
Here's what went down with your favorite tokens.
Dogecoin (DOGE) saw a 7% increase this week, trading around the $0.10 level. This surge was partly fueled by a social media post from Elon Musk, which spurred excitement among traders, who now anticipate a potential bullish trend. Despite this, opinions are mixed, with some traders viewing Dogecoin as a longer-term hold rather than a quick gain asset. The increase in large transactions over $100,000 indicates growing interest among significant investors.
Shiba Inu (SHIB) lagged behind some newer meme coins but still managed a steady increase (11%). The coin’s growth is supported by continued community-driven token burns and ongoing speculation about its expanding utility within the Shibarium ecosystem, despite some trading volume fluctuations this week.
Pepe (PEPE) is capturing headlines with predictions of an explosive rally before potential exchange listings. This surge is primarily speculative, driven by high anticipation and viral interest. Anyways, this week the rise was quite substantial (19%). As a newer meme coin, it seems to be leveraging its novelty and the hype surrounding its potential for dramatic returns.
Dogwifhat (WIF) had a remarkable week, rising 36% as it capitalized on the growing fascination with niche meme coins. WIF is gradually becoming beloved meme coin for many crypto fans. The coin’s value is being driven by meme culture and speculative trading, showing a significant increase in community engagement and trading activity this week.
Bonk (BONK) enjoyed a 16.8% rise, largely due to its appeal among smaller investors and active trading on Solana-based platforms. The meme coin continues to benefit from its position in the Solana ecosystem, where it has carved out a niche among decentralized exchange users.
Floki (FLOKI) surged 28.8% this week, thanks to aggressive marketing campaigns and strategic partnerships that bolstered its visibility in the crypto community. The recent uptick in price has been tied to the coin’s ability to maintain a strong narrative and community involvement.
Brett (Based) saw a 23.8% increase, driven by its dedicated community and strong presence on social media. The coin has benefited from a series of promotions and a growing following, which has helped stabilize its trading volume and price amid broader market fluctuations.
Popcat (SOL) experienced a significant 79.7% jump, attributed to renewed interest following updates and a successful marketing push. The meme coin’s recent rally has positioned it as a standout performer among meme coins this week, showing substantial trading volume on decentralized exchanges.
Book of Meme (BOME): Book of Meme maintained a stable performance with a 12.6% gain. It continues to attract a niche audience within the meme coin sector, supported by a strong narrative and a focus on community-driven development. The stability of BOME in a volatile market indicates a steady, if not spectacular, performance.
Cat in a Dogs World (MEW) saw a 16.4% increase, resonating with meme coin enthusiasts who appreciate its unique concept. This coin appeals to a niche segment of the market, particularly those interested in more offbeat and humor-driven projects.