Other meme coins have also seen a reversal in their fortunes recently. Pepe has soared over 20% within a week to $0.0 5 8927. Bok has risen over 35% within a week to $0.00001479.

The DOGE meme coin, launched as a hat tip to the eponymous department that the billionaire tycoon Elon Musk is the de facto head of, was trading at $0.03875 at the time of writing.

Six months ago, “doge” was just a reference either to a wide-eyed Shiba Inu in a viral meme or to the cryptocurrency Dogecoin, which that meme inspired.Today, it’s one of the most polarizing ...