Why DOGE, FLOKI, SPX6900, and Other Memecoin Price Are Blowing Up Today?

07 Jul, 2025 Updated 07 Jul, 2025

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Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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Why DOGE, FLOKI, SPX900, and Other Memecoin Price Are Blowing Up Today?

Highlights

Memecoin price gained bullish momentum as DOGE jumped 6%, SHIB gained 3% and the rest of meme crypto followed.
Elon Musk’s launch of the ‘America Party’ and crypto support are fueling the bullish momentum.
Additionally, capital rotation, the Trump BBB bill, and other factors are also contributing.

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The crypto market has shifted its trajectory these past few days, and the biggest impact is on the memecoin price. After losing more than $40 billion in just three weeks, the market cap of these meme-themed crypto is recovering amid their price surge. In this DOGE, SHIB, FLOKI, and many others are blowing up with gains today, following Elon Musk’s new announcement.

DOGE, SHIB, FLOKI & Other Memecoin Price Skyrocketing

In a surprising manner, the memecoin price witnessed a significant uptrend today per CoinMarketCap. Starting with the biggest meme-themed token, Dogecoin (DOGE) price surged 6% today, hitting $0.173. Shiba Inu is also following with 3% today. With a 101% up trading volume, SHIB currently trades at $0.00001175.

Notably, the biggest gainer of the day is the BUILDon (B) with 28% gains, followed by Floki with a 14% rally and SPX6900 with a 12% surge. Other Solana meme coins like BONK, TRUMP, and even Pepe coin are up significantly.

However, the same surge is not distributed in the broader market, signaling the dominance of meme cryptos today.

Why is the Memecoin Price Up Today?

The biggest reason behind today’s pump is the launch of Elon Musk’s ‘America Party.’ With his popularity in the crypto space and association with trending meme coins like DOGE, there’s a bullish demand for these tokens. Moreover, his hints of keeping his party crypto-friendly, especially around Bitcoin, the crypto market is booming today.

Besides, the positive impact of Donald Trump’s BBB bill is visible. Upcoming developments in the crypto week and bills pushing the market further.

Amidst Dogecoin’s breakout above the key $0.17 resistance mark, the bullish sentiments are affecting the entire category. Moreover, the AI meme-cryptocurrencies are flourishing with renewed hype and development in the AI industry.

Recently, Grayscale launched a new index, tracking 24 AI tokens. More importantly, it revealed that this category has grown 3× from 2023 and has more potential to go.

🚨 The AI Crypto Boom Is Here: But Still Tiny

Grayscale just formally launched its Artificial Intelligence Crypto Sector Index, now tracking 24 tokens with a combined market cap of $15B — up 3x from 2023.

But here’s the kicker: that’s still less than 1% of Bitcoin’s market… pic.twitter.com/EtzM8xejI0

— Jungle Inc Crypto News (@jungleincxrp) July 7, 2025

Last but not least, the capital rotation is another prominent factor for the surge in these cryptos. As the market conditions improve, investors’ risk-taking increases and results in a rise in capital inflow in various categories, including meme coins.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Frequently Asked Questions (FAQs)

1. Which meme con has surged the most today?

The biggest gains are led by the BUILDon, Floki, and SPX6900.

2. Is Elon Musk influencing the meme coins rally?

Musk’s launch of a political party has influenced the surge in meme coins.

3. What other factors support this surge?

Besides Musk’s influence, Donald Trump’s BBB bill, crypto market development, and increasing investor interest fueled the surge.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.