Crypto meme tokens like 'dogwifhat' and 'Baby Doge Coin' are booming as bitcoin surges

• Crypto meme coins have surged over the past week as bitcoin has hit record highs.
• Memecoins with names like "dogwifhat" and "Baby Doge Coin" are worth billions of dollars.
• Listed below are the eight largest memecoins that have surged over the past week.

The boom in crypto over the past few weeks isn't just hitting the most popular tokens like bitcoin, ether, and solana.

The crypto spike has now spilled over into what are best known as "memecoins," which are essentially crypto tokens that are based more on an internet joke than they are on any fundamental economic reasoning.

And crypto investors are fully embracing the questionable nature of investing in a crypto token called "dogwifhat" and "baby doge coin," which is a joke token making fun of a joke token which was making fun of crypto as a whole when it first launched in 2013.

And they're being handsomely rewarded for it. 

These are the eight largest memecoins that have surged over the past week and are now worth collectively worth tens of billions of dollars, according to data from CoinMarketCap.

8. Baby Doge Coin

Ticker: BABYDOGE
Market cap: $437.0 million
1-week gain: 41.3%

7. Memecoin

Ticker: MEME
Market cap: $570.1 million
1-week gain: 24.1%

6. Bonk

Ticker: BONK
Market cap: $2.2 billion
1-week gain: 19.7%

5. FLOKI

Ticker: FLOKI
Market cap: $2.6 billion
1-week gain: 111.1%

4. dogwifhat

Ticker: WIF
Market cap: $3.1 billion
1-week gain: 78.8%

3. Pepe

Ticker: PEPE
Market cap: $4.1 billion
1-week gain: 43.7%

2. Shiba Inu

Ticker: SHIB
Market cap: $19.0 billion
1-week gain: 4.3%

1. Dogecoin

Ticker: DOGE
Market cap: $25.6 billion
1-week gain: 18.4%