This week, the meme token market has seen a mix of gains and losses, with some tokens capturing significant attention. Market leader DOGE surged by 12% following a viral post from Elon Musk, reigniting support for the coin and boosting its performance by 11.38%. Another top performer, $MOG, rose by 10.76%, and $MOODENG spiked over 100% thanks to a new exchange listing. Despite the excitement around meme coins, the sector’s overall market cap declined slightly from $59 billion to $57 billion. Still, the broader meme sector grew by 8.78% this week and 36% over the past month, according to DeFiLlama,
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