Meme coins are experiencing a surge as Bitcoin reaches new highs, exceeding $113,000 for the first time. Leading the charge are Dogecoin (DOGE) and PENGU, a token from the Pudgy Penguins ecosystem, which gained 7% and 29%, respectively, in just 24 hours. PENGU's price has now reached $0.019, marking it as the top gainer among the top 100 cryptocurrencies by market cap. Simultaneously, other Solana-based meme coins like Dogwifhat (WIF) and Bonk (BONK) saw significant increases of 14% and nearly 13%, respectively. The combined trading volume for these meme coins topped $4.5 billion within 24 hours. As Bitcoin continues to drive interest, the entire meme coin category has risen by 10%, outperforming the major cryptocurrencies Bitcoin and Ethereum. However, investing in meme coins remains risky, with many such tokens lacking long-term viability.

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