Posted 2/29/2024, 4:56:39 PM
Meme Coins Surge as Bonk Leads Pack with 50% Single-Day Spike
- Bonk (BONK) has skyrocketed over 50% in the last 24 hours, outpacing top cryptos Bitcoin and Ethereum
- Dogecoin (DOGE), the original meme coin, has surged 33% in the last day thanks in part to Elon Musk's endorsements
- Shiba Inu (SHIB) gained 28% in 24 hours, capping off a 45% weekly gain
- Meme coins are seeing strong gains as the overall crypto market rallies, though they are extremely volatile
- Experts warn that meme coin mania could end quickly when interest fades or rug pulls wipe out gains