The meme coin craze introduced the crypto market to the likes of PEPE, dogwifhat (WIF), and BONK.

Now entering this list is another meme coin that seems to be capitalizing on an almost tragic event that occurred this week.

Mog Coin Forms New All-Time High

Mog Coin (MOG), a meme coin that rallied by more than 35% in the last 24 hours, has established a new all-time high of `220. This is the second all-time high for the meme coin in less than a month. 

The most recent achievement was the result of the recent attack on US presidential candidate Donald Trump. The attack resulted in a surge in TRUMP namesake tokens, such as MAGA, which translated into growth for the crypto market, given Trump’s support for digital assets.

MOG capitalized on this momentum as well, with the meme coin’s market capitalization reaching $779 million. This also propelled Mog Coin into the top 100 cryptocurrency list, placing it at position 86, surpassing the likes of GALA, The Sandbox (SAND), and ORDI.

Aaryamann Shrivastava is a technical and on-chain analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including Telegram Apps, liquid staking, Layer 1s, meme coins, artificial intelligence (AI), metaverse, internet of things (IoT), Ethereum ecosystem, and Bitcoin. Previously, he conducted market analysis and technical assessments of various altcoins at FXStreet and AMBCrypto, covering all aspects of the crypto industry, including...