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

A number of helpful 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 risky property.

Bonk (BONK), the second-largest Solana meme coin by market cap, hit a brand new excessive of $0.000047 on Friday, breaking a file from Could—after which pushed even larger 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 mission launched a marketing campaign to burn up to 1 trillion BONK—over $39 million value at current—by Christmas Day primarily based on varied engagement standards, prompting followers and group members to finish social media duties. Burning tokens shrinks the token provide, boosting shortage and doubtlessly rising the value in consequence.

Different main meme cash equally hit excessive marks on Friday with out such schemes, nonetheless. 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 file worth of $0.0000029.

A pair newer meme coin sensations additionally hit new highs, equivalent 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 child pygmy hippopotamus that lately went viral, set a new peak price of $0.68.

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

The meme coin market cap comes after Dogecoin (DOGE)—the unique meme coin—spiked to a three-year high price 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 beneath President-elect Donald Trump referred to as the Division of Authorities Effectivity—sure, the D.O.G.E.