**Elon Musk's Influence Sends Meme Coins Soaring Amid Trump Campaign Tour**

Meme coins are experiencing a significant surge, spurred by Elon Musk's active involvement in Donald Trump's presidential campaign tour. The Tesla CEO and Twitter owner has bolstered interest in these digital assets, with Dogecoin (DOGE) leading the pack.

In recent weeks, Musk has shared the stage with Trump multiple times, creating a buzz around meme coins. The original meme coin, Dogecoin, has seen a notable increase of nearly 20% in the past seven days and 33% over the month, reaching a five-month high of almost $0.17. One of the most eye-catching spikes occurred when a Solana-based token launched via Pump.fun skyrocketed by 10,000%, thanks to Musk's influence.

Musk's involvement goes beyond just Dogecoin. Tokens inspired by his actions have become the fourth best performing crypto asset class in the past 24 hours, according to CoinGecko. Among these, Dogelon Mars (ELON) has risen nearly 7%, the Department of Government Efficiency (DOGE) has jumped 17%, and the Twitter AI-inspired Grok (GROK) has climbed over 7%.

On Monday, Musk followed the Twitter account of Solana meme coin Toad (TOAD), which initially had a market cap of only $56,000. The Pump.fun token surged to nearly $6 million in market cap following this, but quickly settled to around $585,000. Its market cap currently stands at $438,000, with Musk still showing interest by following the account and liking posts.

Elon Musk's history with Dogecoin is well-documented, reaching a pivotal moment in 2021 when he mentioned it on "Saturday Night Live," causing DOGE to hit its all-time high of $0.73 before dropping soon after. Despite this, the meme coin market has expanded significantly, remaining speculative yet attracting millions of coins.

In an interesting twist, some of the largest meme coins by market cap have performed well independently of Musk's influence. Only five out of the top 50 meme coins are in the red today. Among the top performers, Maga Hat (MAGA) has soared 19%, HarryPotterObamaSonic10Inu (BITCOIN) has surged 14%, Ethereum's Mog Coin (MOG) has risen 15%, Popcat (POPCAT) has climbed 14%, and Shiba Inu (SHIB) has increased by 9%.

These developments indicate that while Musk's influence remains potent, the meme coin market's dynamics also react to broader trends and independent factors.