, Shiba Inu, and Bonk (BONK) prices have seen their trading volume surge by over 3,000% in the past week as public interest and prices have changed significantly, with many memecoins reaching new all-time highs (ATH).</p><div class='code-block code-block-7' style='margin: 8px 0; clear: both;'>
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Alongside the surge in trading volume and price spikes, memecoins have also witnessed a strong social media explosion.
Ethereum-based Pepe has seen a price increase of over 370% in the past week. At the time of writing, it is trading at 0.00000682 with a volume equivalent to billions. While the token is ranked 44th in terms of market cap, Pepe’s trading volume currently ranks eighth. Pepe’s market cap has doubled from $1.5 billion to $3 billion in just two days.
Solana-based Bonk has seen a 190% price increase in the past week, trading near its ATH of 0.0000345. Floki has recorded a 350% increase on the weekly price chart, ranking 16th in terms of trading volume.
The triple-digit growth seen by memecoins in the past week is relatively new compared to more established memecoins such as Dogecoin and SHIB.
The memecoin frenzy is reminiscent of the last price surge in 2021 when Dogecoin led the rally with the backing of Elon Musk.
