Meme coin prices are rising as Bitcoin surpassed $113,000 for the first time on Thursday, led by Dogecoin ($DOGE

) leading in its category, and Bingo, which is the Solana-based token from the $PENGU system.

overall - which rose by 7% and 29% respectively in the last 24 hours.

Bingo's price rise to $0.019 makes it the biggest mover among the top 100 cryptocurrencies ranked by market capitalization, closely followed by the meme coin Dogewifhat ($WIF ) from Solana, which jumped by nearly 14% in the last 24 hours to $1.01. Meanwhile, Dogecoin itself rose to a current price of $0.186.

The three coins, all of which fall within the top 100 cryptocurrencies, collectively achieved over $4.5 billion in trading volume in the last 24 hours according to data from CoinGecko.

Less volume is flowing into other prominent meme coins, such as Solana tokens Bonk (BONK) and Fartcoin (FARTCOIN), but their performance has helped lift the meme category as a whole, which gained 10% in the last 24 hours. Overall, the category outperforms the individual performance of leading coins Bitcoin and Ethereum.

BONK rose by approximately 13% to $0.0000228 in that timeframe, while FARTCOIN jumped by 12.5% to $1.21 - and now BONK has gained about 39% over the week, based on momentum from the launch platform Lets, Bonk which recently topped the Pump.fun category in terms of daily tokens launched.

The coin Mo Dong (MOODENG) surged by 13% over the past 24 hours to $0.209, as the namesake dwarf hippopotamus celebrates its first birthday today. Last week, the coin's value rose by nearly 30% within 24 hours as the Khao Khew Open Zoo announced its plans to celebrate the birthday.

Additionally, the value of other notable meme coin cycle 2024 coins, such as Nero and FWOG, rose by 12% and 18% respectively.

Additionally, the value of Solana coins that previously garnered significant interest in artistic circles, like Squirrel Peanut (PNUT) and Pop Cat (POPCAT), rose by 22% and 16% respectively.

Further, SPX6900 - an Ethereum-based meme coin created with the goal of flipping the market cap of the S&P 500 index (but still far from that) - jumped about 5% in the last 24 hours to $1.54. The token is now about 11% away from its all-time high of $1.73 from early June, but technical indicators suggest bullish predictions with potential whale accumulation helping to drive things up over the past two weeks.

Meme coins, or tokens that are typically based on current events, pop culture, or internet trends, are inherently more volatile and risky than other crypto tokens. While users can sometimes achieve significant profits from small amounts invested, most meme tokens that have been launched trend towards zero over time. Few have any real staying power.

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