It’s been an eventful week in the meme coin market, with most coins and tokens seeing significant price growth.

Floki (FLOKI) has soared by 25% since Thursday morning, while Pepe (PEPE) is up 80% in the past week.

In this article, we take a closer look at these two coins before presenting three alternative tokens that could be primed to explode next.

Floki & PEPE Rise as Meme Coin Market Heats Up

Floki, named after Elon Musk’s pet Shiba Inu dog, is currently ranked the world’s fourth-largest meme coin, boasting a market cap of $368 million.

FLOKI’s value has risen 25% in the past 24 hours and an impressive 109% since last Friday, making it one of the biggest gainers in the meme coin space.

Like most surging meme coins, FLOKI’s rise has nothing to do with ecosystem developments or innovations.

Instead, the coin’s value seems driven by social media hype and speculation, resulting from improved sentiment in the meme coin market.

PEPE is also benefiting from an uptick in investor sentiment, soaring to the $0.00000135 level on Thursday.

Although PEPE’s price has pulled back slightly, the token is still clearly in an uptrend, with investors excited to see how high it can go in the coming days.

As the meme coin market continues to heat up, both FLOKI and PEPE serve as prime examples of assets likely to be in high demand as cryptocurrencies become more popular with speculative investors.

Which Meme Coins Could Explode Next?

The two tokens above show that meme coins can experience colossal rises thanks to investor buzz alone.

While predicting the next breakout star in this volatile sector is challenging, here are three contenders currently capturing the community’s attention:

1. Meme Kombat (MK)

First up is Meme Kombat (MK), which brings an explosive new element to the meme coin space by integrating gaming and staking features.

This innovative platform allows users to bet on AI-powered battles between meme characters, with the out