Bonk, Mog and Brett Hit All-Time Highs as Dogecoin Spurs Meme Pump – Decrypt

A number of worthwhile meme cash set new all-time excessive costs on Friday and Saturday after others did so earlier this week, because the broader post-election crypto market spike—and notably the resurgence of authentic meme coin Dogecoin—drove demand for the unstable belongings.

Bonk (BONK), the second-largest Solana meme coin by market cap, hit a brand new excessive of $0.000047 on Friday, breaking a document from Might—after which pushed even greater on Saturday, leaping to a brand new all-time mark above $0.000049. It’s at present up 120% during the last week, per knowledge from CoinGecko.

The pump got here after the undertaking launched a marketing campaign to burn as much as 1 trillion BONK—over $39 million price at current—by Christmas Day based mostly on varied engagement standards, prompting followers and neighborhood members to finish social media duties. Burning tokens shrinks the token provide, boosting shortage and doubtlessly growing the value consequently.

Different main meme cash equally hit excessive marks on Friday with out such schemes, nevertheless. Brett (BRETT), a meme coin on Ethereum layer-2 community Base, peaked at a brand new excessive above $0.19 late Friday, whereas Mog Coin (MOG) jumped to a brand new document value of $0.0000029.

A pair more moderen meme coin sensations additionally hit new highs, comparable to Goatseus Most (GOAT)—a token conceptualized by an AI chatbot, however created by a human—which jumped to $1.30 on Saturday. And Moo Deng (MOODENG), a Solana token impressed by the newborn pygmy hippopotamus that not too long ago went viral, set a brand new peak value of $0.68.

Earlier this week, Pepe (PEPE), Cat in a Canine’s World (MEW), and Fwog (FWOG) all set new document costs. Different notable meme cash have gotten near their respective data, too, comparable to Solana’s Dogwifhat (WIF).

The meme coin market cap comes after Dogecoin (DOGE)—the unique meme coin—spiked to a three-year excessive value of about $0.43 earlier this week. The DOGE resurgence got here amid ties to Elon Musk (as common), who will co-lead a brand new authorities effort underneath President-elect Donald Trump referred to as the Division of Authorities Effectivity—sure, the D.O.G.E.