• FLOKI leads top meme coins in increased social activity following GameStop pump.
  • Large-cap meme coins have all recorded impressive gains in the past 24 hours as PEPE sets a new all-time high.
  • The meme coin frenzy may have resumed as recent market activity rhymes with history.

Meme coins in the crypto market saw impressive gains on Monday following a recent surge in GameStop stock. The increased attention surrounding these tokens signifies a potential resumption of the meme coin frenzy of March.

Read more: Meme coins lead way as PEPE, BONK hint at possible marketwide uptrend

Meme coins post gains as PEPE breaks all-time high

Meme coins skyrocketed on Monday following increased attention sparked by a rally in the GameStop stock price. As GameStop stock rallied about 51% on Monday, several meme coins began seeing increased social activity.

FLOKI saw a 145% surge in social interest as traders showed heavy sentiment towards the meme token, according to data from Santiment. FLOKI wasn't alone in this social interaction upsurge as Dogecoin (DOGE), Shiba Inu (SHIB), PEPE, dogwifhat (WIF), and BONK, among several meme coins all saw their social volume increase by 22%, 46%, 82.7%, 51.7%, and 39.4%, respectively.

The rising social interactions weren't mere discussions; they were accompanied by impressive gains across these tokens. Bitcoin-based PEPE saw a 17.1% price increase in the past 24 hours and went on to set a new all-time high at $0.00001023.

Also read: Donald Trump’s pro-crypto endorsement helped meme coins pump this week

DOGE, SHIB, WIF, FLOKI, and BONK gained 6.7%, 5.3%, 3.8%, 8.8%, and 4.1%, respectively, on the day, according to data from Santiment. The trading volume of these tokens also showed large increases of more than 200%, with the exception being SHIB and FLOKI, which experienced a rise of over 400% in volume.

Meanwhile, the political meme coin tied to Donald Trump, MAGA (TRUMP), jumped 22.8% on the day as the meme hype continued to rise. With the rise, Donald Trump could be making huge profits, considering that an Ethereum wallet linked to him holds nearly $5 million worth of TRUMP tokens.

The meme coin category has also risen by nearly 6% in the last 24 hours.

Roaring Kitty could trigger a meme coin frenzy

The recent price rise following the GameStop rally underscores a potential resumption in the meme coin frenzy of early March. Many crypto investors expect a sustained meme coin rally, considering the GameStop stock growth was majorly responsible for the impressive run of Dogecoin and other meme coins in Q1 2021.

Read more: VanEck launches MarketVector “MEMECOIN” index to track BONK, FLOKI, DOGE, PEPE, WIF and SHIB tokens

For example, Keith Gill, aka Roaring Kitty, sparked the GameStop rally of 2021 through a series of Reddit posts and videos. In a similar move, he has begun a series of cryptic posts on X suggesting a further move to push the GameStop stock higher. The ripple effect may see meme coins posting hefty gains consistently, resuming the meme coin frenzy of March.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin Weekly Forecast: BTC nosedives below $95,000 as spot ETFs record highest daily outflow since launch

Bitcoin Weekly Forecast: BTC nosedives below $95,000 as spot ETFs record highest daily outflow since launch

Bitcoin price continues to edge down, trading below $95,000 on Friday after declining more than 9% this week. Bitcoin US spot ETFs recorded the highest single-day outflow on Thursday since their launch in January.

More Bitcoin News
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers

Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers

Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins. 

More Bitcoin News
Solana Price Forecast: SOL’s technical outlook and on-chain metrics hint at a double-digit correction

Solana Price Forecast: SOL’s technical outlook and on-chain metrics hint at a double-digit correction

Solana (SOL) price trades in red below $194 on Friday after declining more than 13% this week. The recent downturn has led to $38 million in total liquidations, with over $33 million coming from long positions.

More Solana News
SEC approves Hashdex and Franklin Templeton's combined Bitcoin and Ethereum crypto index ETFs

SEC approves Hashdex and Franklin Templeton's combined Bitcoin and Ethereum crypto index ETFs

The SEC approved Hashdex's proposal for a crypto index ETF. The ETF currently features Bitcoin and Ethereum, with possible additions in the future. The agency also approved Franklin Templeton's amendment to its Cboe BZX for a crypto index ETF.

More Cryptocurrencies News
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy

Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy

Bitcoin (BTC) price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot Exchange Traded Funds (ETFs) in January and the reduced supply following the fourth halving event in April.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP