In the cryptocurrency market, the latest halving event has surprisingly not put Bitcoin in the spotlight. Instead, meme coins, particularly those with canine themes, have surged dramatically over the weekend.
Following the halving late Friday, which reduced miner rewards by 50%, Bitcoin has seen modest gains. However, meme coins like BONK and FLOKI have experienced remarkable price increases.
Meme Coins on the Rise
The Solana-based meme coin BONK led the rally with an impressive 46% increase, reaching a price of $0.000022. This marks a significant recovery for BONK, which saw a substantial drop earlier in April.
Other notable performers include Ethereum-based FLOKI, which soared nearly 26% to $0.00018, and Shiba Inu (SHIB), climbing 24% to over $0.000028.
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024
These gains contrast with Bitcoin’s relatively…
