Several meme coins, including Bonk, Mog, and Brett, reached new all-time highs fueled by the resurgence of Dogecoin. Bonk hit a record high of $0.000049 after launching a campaign to burn tokens worth $39 million. Brett and Mog Coin also peaked at new highs, along with newer sensations like Goatseus Maximum and Moo Deng. Earlier in the week, Pepe, Cat in a Dog’s World, and Fwog set record prices. The market cap for meme coins surged following Dogecoin's spike to $0.43, attributed to Elon Musk's involvement. Musk is set to co-lead a new government initiative called the Department of Government Efficiency. The overall post-election crypto market spike contributed to the demand for these volatile assets, with burning tokens to increase scarcity being a common strategy among meme coins. Read more AI-generated news on: https://app.chaingpt.org/news

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