The recent surge in memecoins, including PEPE, Floki, and Bonk, has been remarkable, with prices skyrocketing by over 500% and trading volume surging by nearly 3,000% within a week.

This frenzy has led to a significant increase in social media activity surrounding these meme tokens, reflecting heightened public interest.

PEPE, an Ethereum-based token, saw its price surge by 370% in just one week, while Bonk and Floki also experienced substantial gains.

However, despite the excitement, the volatility of memecoins remains a concern for investors, with past cycles often followed by sharp declines.

Nonetheless, the allure of quick returns continues to attract traders to these meme tokens, reminiscent of the Dogecoin-led frenzy of 2021.