Memeland’s MEME governance token has surged roughly 120% over the past week and has doubled in value during the last two weeks, according to price data compiled by CoinGecko. The move marks one of the steepest short-term rallies among major small-capitalisation cryptocurrencies this month. The token’s jump comes even as floor prices for Memeland’s non-fungible-token collections have slipped about 10% in the same period, underscoring a widening performance gap between the project’s fungible and non-fungible assets. Market participants have yet to pinpoint a clear catalyst for the surge, with trading desks citing primarily retail momentum.