Meme coins once again demonstrated their strength as several of them reached new all-time highs during Friday and Saturday. This growth is part of a broader post-election rally in cryptocurrency markets, driven primarily by Dogecoin. The revival of this original meme coin has sparked increased demand for speculative and volatile assets. Bonk Reaches New Heights Bonk (BONK), the second-largest meme coin on the Solana blockchain, achieved a new all-time high of $0.000047 on Friday, surpassing its previous record from May. On Saturday, it climbed even higher, reaching $0.000049, marking a 120% increase over the past week, according to CoinGecko. This surge was fueled by a campaign to burn up to 1 trillion BONK tokens—worth over $39 million—by Christmas. The initiative, which rewards community engagement on social media, aims to reduce the supply of tokens, increasing scarcity and potentially boosting their price. Brett and Mog Join the Rally Other meme coins, such as Brett (BRETT) on the Ethereum layer-2 network Base, also hit record highs without similar campaigns. Brett surpassed the $0.19 mark late on Friday. Meanwhile, Mog Coin (MOG) reached its all-time high at $0.0000029. Rising Stars in the Meme Coin Space Among the new rising stars is Goatseus Maximum (GOAT), a token created by an AI-powered chatbot but finalized by a human. On Saturday, it reached $1.30. Another noteworthy coin is Moo Deng (MOODENG), inspired by a viral baby pygmy hippo, which hit a record price of $0.68. Dogecoin Back at the Top Dogecoin (DOGE), the original meme coin, reached a three-year high this week at approximately $0.43. Its growth was fueled by the announcement that Elon Musk would lead a government initiative named Department of Government Efficiency (DOGE) under newly elected President Donald Trump. Meme Coin Market Cap on the Rise The resurgence of Dogecoin has sparked broader interest in meme coins. Other notable coins achieving record highs this week include Pepe (PEPE), Cat in a Dog's World (MEW), and Fwog (FWOG). Meanwhile, Solana's Dogwifhat (WIF) is approaching its all-time high. Meme coins remain one of the most speculative yet appealing segments of the cryptocurrency market, attracting both investors and enthusiasts with their high volatility and strong community-driven focus.

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