Meme Token Market Rally — Dogecoin, Shiba Inu, and Bonk Record Double-Digit 24-Hour Gains

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.

DOGE/USD on Feb. 29, 2024.

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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