BULL RUN | Meme Coins Witness Double Digits Growth in Latest Bitcoin Wave

In this post, we look at the meme coins in the top 100 cryptocurrencies by market capitalization.

As the crypto market experiences a surge, driving Bitcoin close to the all time high, meme coins like PEPECoin, DogeCoin, and BONK are also seeing double-digit gains on the day, following in Bitcoin’s wake.

Among meme coins in the top 100 cryptocurrencies by market capitalization:

  • Solana’s BONK is leading the surge at the time of writing, with a 54.4% increase over the past 24 hours and a remarkable 225.8% surge over the past seven days. This performance has propelled it to become the 44th largest digital asset by market capitalization, according to CoinGecko data.
  • Meanwhile, PEPE has gained over 387% of the last 7 days, and 24% on the day. Shiba Inu (SHIB, up 48.1%), and the original meme coin, Dogecoin (DOGE, up 24%). FLOKI has also done very well increasing by 310% in the last 7 and 5.6% in the past 24 hours.
  • Solana-based DogWifHat (WIF) has declined on the day but has still posted impressive gains of 253.3% over the past week.


Meme coins, which are cryptocurrencies based on internet memes and current events, typically offer limited utility beyond speculation. They also tend to exhibit higher volatility compared to mainstream cryptocurrencies like Bitcoin and Ethereum. Consequently, while they can experience dramatic increases in price, they are equally susceptible to steep declines.

Many meme coins with lower capitalizations also suffer from low liquidity, making it challenging to realize any gains. A trader may witness their investment multiply several times, but then encounter difficulties selling their holdings.

Additionally, the close association of meme coins with internet memes, cultural references, and current events often leads to rapid burnout, although ‘blue-chip’ meme coins like DogeCoin have managed to endure over time.

Originally conceived in 2013 as a humorous take on cryptocurrencies, DogeCoin has witnessed an expansion in utility over time. It has introduced various applications such as payment integrations and, more recently, Ordinals inscriptions (or ‘Doginals’), enabling the creation of NFT-like unique assets on its blockchain.




Follow us on Twitter for the latest posts and updates

Join and interact with our Telegram community