Memecoin prices are skyrocketing today, with impressive gains for Dogecoin, Shiba Inu, BONK, and FLOKI. Elon Musk's support and external factors are driving this bullish frenzy. Let's delve into the details of this phenomenon.
The prices of memecoins, particularly Dogecoin (DOGE), FLOKI, BONK, and Shiba Inu (SHIB), are experiencing spectacular gains today. DOGE has risen by 6% while SHIB has increased by 3%, BONK by 68% in one week, and FLOKI by 20% since this weekend. This bullish trend is affecting the entire memecoin category, fueled by the unwavering support of billionaire Elon Musk.
Musk, an iconic figure in the crypto sector, plays a major role in this dynamic. His launch of the “American Party,” which he intends to make crypto-friendly, has stimulated demand for these humorous assets. His past statements supporting DOGE have helped revive enthusiasm for this type of cryptocurrency.
But this underlying movement isn’t solely linked to Elon Musk’s influence. Other external factors are also fueling this buying fever around memecoins.
Donald Trump’s BBB bill, with its implications for the crypto sector, has also had a positive impact. Similarly, the capital rotation observed in the market, with investors being more inclined to take risks in a context of improved conditions, has benefited this asset category.
Indeed, leverage effects have reached a record score in 2025 in recent days, reflecting strong risk appetite among investors.
Beyond traditional memecoins like DOGE and SHIB, we’re also observing strong momentum around cryptocurrencies linked to artificial intelligence (AI). Recently, Grayscale launched a new index tracking 24 AI tokens, revealing that this category has tripled in value since 2023 and has strong growth potential.
This enthusiasm for AI cryptocurrencies is explained by the rapid progress in this sector, with the rise of applications like ChatGPT. Investors are looking to seize the opportunities offered by this emerging technology, hence the growing attraction for digital assets linked to AI.
AI cryptos such as Render or TAO are worth watching closely in case Bitcoin reaches a new ATH. Moreover, Render is one of the tokens most purchased by smart money alongside several memecoins.
In summary, after a period of decline at the end of 2024, marked by a decrease in demand for utility tokens, memecoin prices are experiencing a spectacular resurgence of interest. Driven by Elon Musk’s support, positive regulatory developments, and a rotation of capital toward riskier assets, this bullish movement seems set to continue.
Beyond traditional memecoins, cryptocurrencies linked to artificial intelligence are still generating considerable interest, reflecting the prospects offered by this emerging technology.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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