Meme Coins Soar 100%+: What’s Driving This Explosive Rally?

Meme coin performance has exploded in recent days, with four prominent tokens—Shiba Inu (SHIB), Pepe (PEPE), Bonk (BONK), and Floki (FLOKI)—surging over 100% within the past 24 hours. This rally, fueled largely by social media hype, shows a disconnect between token movements and any fundamental updates. Analysts warn that such sudden price surges are unlikely to be sustainable in the long term and predict sharp corrections soon.