Dogecoin surged to $0.1516, driven by high trading volume and renewed interest in meme coins. The broader meme coin market, including Dogecoin and Pepe, saw significant gains as traders embraced ‘meme season.’ Other dog-themed names also advanced, with Shiba Inu up about 8%, Bonk up nearly 11%, and Floki up close to 10%.
Dogecoin rose to $0.1516 as buyers pushed the token back through a key technical band on volume running well above its 30-day norm — a move that signals renewed speculative appetite in meme coins even as the broader market remains range-bound. The move extended beyond large caps. Mog Coin climbed about 14% on the day and around 37% over seven days, while Popcat gained nearly 9% and is up more than 17% on the week — a pattern traders often interpret as speculative flows spilling from larger tokens into smaller, higher-beta names once liquidity returns.
CoinGecko’s GMCI Meme Index category showed a market value of roughly $33.8 billion with about $5.9 billion in 24-hour trading volume, suggesting the surge wasn’t confined to a single token. The backdrop remains familiar: bitcoin has been range-bound, liquidity uneven after the holidays, and traders are looking for a fast-moving place to express risk-on views without waiting for a clean macro catalyst. That doesn’t necessarily signal a durable meme cycle.
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