The meme coin market has seen a surge in prices, with multiple meme coins reaching new all-time highs. Bonk (BONK), the second-largest Solana meme coin, hit a record high of $0.000047 on Friday, and then surpassed it on Saturday. Mog Coin (MOG) and Goatseus Maximum (GOAT) also reached new highs. This surge in meme coin prices follows Dogecoin (DOGE) reaching a three-year high of around $0.43 earlier this week, due to its association with Elon Musk.
The meme coin market cap is growing alongside the broader post-election crypto market spike.
