Meme Coins Were Up in the Green Monday Overnight, with Floki and Bonk Leading the Charge

Floki and Bonk led the meme coin market's Monday overnight rally, surging 15% and 9%, respectively, following Bitcoin's BTC/USD reclaim of $95,000.

Memecoins were on the move on Monday morning, with Floki and Bonk leading the charge as Bitcoin BTC/USD continued to claim new peaks.

What Happened: Ethereum ETH/USD-based FLOKI reached a two-month high of $0.00009044, showcasing a 15% surge in the last 24 hours.

This rally contributed to making the dog-themed memecoin the third-largest cryptocurrency gainer in the 24-hour period. Its trading volume also underwent a significant increase of 128%, pushing it beyond $211 million.

This momentum comes ahead of the TOKEN2049 cryptocurrency conference in Dubai, where Floki’s Community Relations Officer will be discussing the crucial role of utility for memecoins.

Floki is taking the spotlight at TOKEN2049 Dubai, one of the most important events on the global crypto calendar! 🔥On May 1st at 11:15 AM (UTC+04:00), our Community Relations Officer will be speaking on the IO NET Stage about ‘How utility will shape the memecoin… pic.twitter.com.com/PBqv3Bldr4

Solana SOL/USD-based canine coin BONK fell short of reaching its early morning price peak of $0.00002162. Nonetheless, it displayed 24-hour gains of over 9%. Bonk’s trading volume soared to nearly $500 million following a 75% spike.

Among the mega-cap meme coins, Dogecoin DOGE/USD and Shiba Inu SHIB/USD showed gains of 1.01% and 2.83%, respectively. Fartcoin (FARTCOIN) capitalized on its ongoing fad, showcasing a surge of 7.50%.

In the broader crypto sphere, Bitcoin displayed further strength, maintaining its rise above the $95,000 level. Meanwhile, Ethereum showed resilience, remaining above the $2,100 mark despite early morning selling pressure.

The total cryptocurrency market capitalization encountered a slight decline of 0.43%, bringing it to $1.64 trillion. In the 24-hour period, the cryptocurrency market encountered a trading volume of $48 billion, indicating a decrease of 20.20%.

See More: Top 4 Cryptocurrency News Headlines Today, May 1

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