## Doge-Themed Meme Coins Surge: Bonk & Floki Outpace Dogecoin and Shiba Inu
The world of meme coins is experiencing a surge in dog-themed tokens, with lesser-known contenders outperforming the heavyweights. Bonk, a Solana-based meme coin, has captured the spotlight, soaring 30% in the past 24 hours, propelling it to the top of the daily gainer list. This surge, fueled by a massive 230% increase in trading volume, has pushed Bonk’s weekly gains to an impressive 53%, nearing its all-time high set in late May.
Not to be outdone, Floki, an Ethereum-based meme coin inspired by Elon Musk’s Shiba Inu, is also experiencing a significant rally. The token, named after Musk’s dog, has climbed over 7% in value, with trading volume nearly doubling in the last 24 hours. This surge comes on the heels of Floki’s impressive 40% gain following Donald Trump’s victory in the presidential race.
These gains stand in stark contrast to the performance of the more established meme coins, Dogecoin and Shiba Inu. Despite riding the wave of Musk’s influence and the appointment of Vivek Ramaswamy to the Department of Government Efficiency, Dogecoin has only managed a modest 3.41% increase in the past 24 hours. While it boasts impressive weekly gains of 78% and a 232% increase in the last month, the ‘original meme coin’ has been overshadowed by the recent rise of Bonk and Floki.
Shiba Inu, on the other hand, has experienced a decline, falling nearly 7% in the past 24 hours, with its weekly gains dropping to 27%. This indicates a possible shift in sentiment, with investors seeking out new and emerging meme coin projects.
The overall meme coin market capitalization has witnessed a 2% increase, rising from $102.11 billion to $104.11 billion, signaling a growing interest in this sector. This suggests that the recent surge in dog-themed meme coins might be more than just a passing trend, indicating a potential shift in the market landscape as investors seek out new and potentially more rewarding opportunities. Only time will tell if this trend continues, but the success of Bonk and Floki, along with the growing meme coin market capitalization, suggests that the world of meme coins is far from over.
