Meme Coin Frenzy Reignites: BONK and WIF Surge as Market Rebounds

The meme coin market is experiencing a resurgence, with top tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) registering solid gains. However, Bonk (BONK) has stolen the spotlight with a remarkable 20% surge, while dogwifhat (WIF) followed closely with a 16% jump. MOODENG, a hippo-themed meme coin, skyrocketed 43% after being listed on Upbit, South Korea's leading cryptocurrency exchange.

Market Overview:
The meme coin sector has seen an 11% increase in market capitalization, now exceeding $60 billion. DOGE and SHIB posted respectable 7-8% gains, while PEPE rose 13%. BONK emerged as the top performer among the top 100 cryptocurrencies, hitting a market cap above $1.3 billion and climbing to 80th position overall.

Analyst Insight:
Prominent crypto analyst Bluntz (with over 320,000 followers) predicts BONK could surge 100%-130% from current levels, suggesting the rally may just be beginning.

Exchange Effect:
MOODENG's dramatic rise followed its listing on Upbit, which added MOODENG/USDT, MOODENG/KRW, and MOODENG/BTC trading pairs. Upbit's listings historically trigger significant price movements – Ravencoin (RVN) surged 75% after a similar listing last month, while Pocket Network (POKT) and Livepeer (LPT) saw even greater gains previously.

The exchange noted it will only accept MOODENG deposits via the Solana network, with large deposits from unclear sources potentially requiring fund origin verification.