Dogecoin, Shiba Inu Spike But Floki And Bonk Are Stars Of Monday’s Meme Rally

Memecoins were up in the green Monday overnight, with Floki and Bonk leading the charge following Bitcoin’s (CRYPTO: BTC) reclaim of $95,000.

What happened: Ethereum (CRYPTO: ETH)-based FLOKI hit a two-month high of $0.00009044 late in the evening, representing a 15% spike in the last 24 hours.

The rally propelled the dog-themed meme coin to become the third-largest cryptocurrency gainer in the 24-hour period. Trading volume jumped 128% to over $211 million.

The momentum comes ahead of the TOKEN2049 cryptocurrency conference in Dubai, where Floki’s Community Relations Officer is scheduled to give a talk on the importance of utility for meme coins.