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The top three meme tokens — dogecoin, shiba inu, and bonk — have captured double-digit gains over the past day, rising between 23.3% to 37.5% against the U.S. dollar. Dogecoin has risen 29.9% and nears crossing the $0.13 threshold.
Dogecoin, Shiba Inu, and Bonk Spark Meme Coin Frenzy With Major Gains
They say every dog has its day and that’s been the case for dogecoin ($DOGE), shiba inu ($SHIB), and bonk ($BONK) over the past 24 hours. Since Bitcoin.com News last reported on the meme token crypto economy it has gained $8.28 billion in overall value reaching $34.32 billion on Thursday.
The meme coin economy in general is up 24.7% over the past day. Dogecoin ($DOGE) the largest meme coin by market cap is nearing the $0.13 mark and has a market valuation of $18.32 billion.
Up 29.9% on Thursday, $DOGE has risen 52.3% over the past week. The second largest meme coin by market cap, shiba inu ($SHIB) has jumped 23.3% and $SHIB is up 42% over the seven-day timeframe.
The third largest meme token, bonk ($BONK) saw the largest gain of the top three with a rise of 37.5%. $BONK is up a significant 89.3% against the U.S. dollar in seven days. Pepe ($PEPE) has ascended by 148.4% over the week, yet $PEPE experienced an 11.7% decline on Thursday.
Meanwhile, the fifth and sixth meme tokens, WIF and CORGIAI, recorded increases ranging from 4.1% to 14% respectively. The meme coin sector has witnessed a significant surge in activity, with $13.24 billion worth of meme token transactions executed within 24 hours.
The future of the upward trajectory of dog-themed meme coin assets remains uncertain, but they have certainly staged a significant revival over the last week.
What do you think about the latest meme token economy rise? Share your thoughts and opinions about this subject in the comments section below.
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