Why DOGE, FLOKI, WIF, BONK Prices Rise: Is the 2021 Madness Back?

Many tokens on the Memecoin market rose along with shares of gaming store GameStop.

GameStop, traded on the NYSE under the ticker symbol GME, gained more than 19% before the market opened.

Shisui, the developer of the Mog token, said in a past interview that in 2021, "the Gamestop craze is also reflected in DOGE and other memecoins."

With the growth in demand for GME, a similar scenario began to occur this year.

The price of Ethereum and Solana-based Floki (FLOKI) and Dogwifhat (WIF) tokens increased by up to 17% on a daily basis.

There was a 2% increase in the price of Dogecoin (DOGE) as of noon.

Bonk (BONK) and BOOK OF MEME (BOME), one of the biggest names in the market, appreciated by more than 10% each.