Several memecoins, including Bonk (BONK), Mog Coin (MOG), and Brett (BRETT), hit all-time highs over the weekend, thanks to a strong surge in the cryptocurrency market and renewed interest in Dogecoin.
Bonk, the second-largest meme coin on the Solana network, peaked at $0.000049 on Friday, up 120% over the past week. The coin continued to rise, surpassing its peak and hitting a new all-time high on Saturday. The surge came after the launch of a campaign to burn up to one trillion BONK tokens, which is intended to increase scarcity and drive demand.
Mog Coin also set a new record, rising to $0.0000029, marking its second all-time high in just three weeks. Meanwhile, Brett Coin surged past $0.19 on Friday, reaching a new peak. Other meme coins, such as Goatseus Maximum (GOAT) and Moo Deng (MOODENG), also saw significant price increases, with GOAT hitting $1.30 and MOODENG hitting $0.68.
Earlier in the week, other meme coins like Pepe (PEPE), Cat in a Dog's World (MEW), and Fwog (FWOG) set their own all-time highs. The meme coin sector has grown significantly, with many tokens now ranking in the top 100 by market capitalization.
Dogecoin (DOGE), the original meme coin, also hit a three-year high of $0.43 earlier this week, fueling renewed interest in the meme coin. The surge coincided with news that Elon Musk would be involved in a new government initiative, the Department of Government Efficiency, known as DOGE, under President-elect Donald Trump.
