The market rally inspired by a jump in Bitcoin’s price has impacted meme coins, boosting several tokens to new highs.
Meme coins across categories ranging from Dog-themed, Cat-themed, political, or Solana-themed assets have recorded new flows as funds continue to enter the market.
Most meme coins have no underlying utility and, as a result, move with the wider market with its low prices, leading to wider price jumps.
Several meme coins have seen double-digit gains, with some soaring over 100% in the last seven days, boosting the ecosystem.