Dogecoin, Shiba Inu Spike But Floki And Bonk Are Stars Of Monday's Meme Rally
Memecoins were up in the green Monday overnight, with Floki and Bonk leading the charge following Bitcoin's BTC/USD reclaim of $95,000. What happened: Ethereum ETH/USD-based FLOKI hit a two-month high of $0.00009044 late in the evening, representing a 15% spike in the last 24 hours. The rally propelled the dog-themed meme coin to become the third-largest cryptocurrency gainer in the 24-hour period. Trading volume jumped 128% to over $211 million. The momentum comes ahead of the TOKEN2049 cryptocurrency conference in Dubai, where Floki’s Community Relations Officer is scheduled to give a talk on the importance of utility for meme coins. Floki is taking the spotlight at TOKEN2049 Dubai, one of the most important events on the global crypto calendar! 🔥On May 1st at 11:15 AM (UTC+04:00), our Community Relations Officer will deliver a presentation on the IO NET Stage titled "How utility will shape the memecoin… pic.twitter.com/PBqv3Bldr4— FLOKI (@RealFlokiInu) April 26, 2025 See Also: SEC Zooms In On Nayib Bukele-Led El Salvador’s Crypto Regulation Model Solana SOL/USD-based canine coin BONK failed to ascend to its early morning highs of $0.00002162. Its 24-hour gains, however, stood at over 9%. Bonk's trading volume soared to nearly $500 million, following a 75% spike. CryptocurrencyGains +/-Price (Recorded at 10:15 p.m. ET)Floki FLOKI/USD+15.67%$0.00008838Bonk BONK/USD+9.39%$0.00002003Mega-cap meme coins like Dogecoin DOGE/USD and Shiba Inu SHIB/USD rose 1.01% and 2.83%, respectively. Fartcoin (FARTCOIN) capitalized on its ongoing fad, surging 7.50%. Overall, the meme coin market capitalization increased 3.28% to $56.28 billion, while the trading volume spiked 25.63% to $8 billion. Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading Photo Courtesy: Akif CUBUK on Shutterstock.com Read Next: Solana Staking ETF Surges 18% In Debut Week—Here’s How Much Cathie Wood’s Ark Invest Has Parked In It Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.