While meme coins are still doing well, they aren’t performing to the extent they have been during the peak of the Supercycle hype.
TL;DR
- Meme coin market cools down
- Utility tokens are rising
- Pump.fun scandal gets regulators riled up
- JUSTICE vs. PNUT
Intro
While meme coins are still doing well, they aren’t performing to the extent they have been during the peak of the Supercycle hype. Utility tokens are now getting more attention, as they do in every cycle, and the market is reflecting that.
7-Day Meme Coin Market Snapshot
The overall meme coin market cap dipped from almost $116 billion to $110 billion over the last seven days.
The majority of the top meme coins by market cap dropped as the squirrel (PNUT) took the biggest beating after its wild run.
Source: CoinMarketCap
Looking at the crypto majors, Solana underperformed and went down by 7.64% while Bitcoin and Ethereum pumped and dropped as BTC couldn’t clear six figures. Importantly though, they are still up, even after the recent correction. Say what you want, the majors still dictate what happens to the overall market.
Source: CoinMarketCap
Bitcoin dropped almost 9% from its all-time high and is currently at $92,536, with a huge leverage flush and FOMO reaching extreme levels. Did you panic sell, anon?
Ethereum, on the other hand, outperformed for the first time in weeks.
Meme Coin Market vs Other Crypto Sectors
According to DeFiLlama’s Narrative tracker, governance tokens are in the lead as Uniswap Labs posts another ATH in volume on the Uniswap Protocol. They are also busy with their Uniswap v4 address mining challenge. The meme sector took a nosedive. Are we still in a Supercycle?
The 30-day trajectory for meme coins is experiencing a correction, from a peak of almost 180% gains to just under 140%. Still outperforming the Tradfi bros!
Source: DeFiLlama
Top 20 Meme Coin Leaderboard
Blood in the streets for the top 20 meme coins, except for Notcoin (NOT), as the overall crypto market takes a well-deserved breather after its astronomical run.
Source: CMC Meme Coins Page
Meme Coin Charts: 7-Day Insights
The most laid-back of them all, CHILLGUY continues to soar while breaking a new ATH.
Biggest Gainers (Last 7 Days):
- Notcoin (NOT): +6.86%
Biggest Losers (Last 7 Days):
- Peanut the Squirrel (PNUT): -33.11%
- Popcat (POPCAT): -32.55%
- Goatseus Maximus (GOAT): -32.52%
- Act I: The AI Prophecy (ACT): -30.48%
- Turbo (TURBO): -21.31%
Meme Coins by Chain
Solana Memes
- dogwifhat (WIF) jumps in value after top exchange listing.
- Big Dog Fink (BINK) pumps 1,832% after successful CTO.
- CHILLGUY’s creator fights back against what he calls unauthorized exploitation of his work while the token is copyrighted.
Ethereum Memes
- Jump.fun might revive Ethereum’s meme culture with a liquidity program.
- Meme coins in the White House as Donald Trump owns 579K Trump tokens that were airdropped to him, with a value of about $1 million at today’s rate.
Tron Memes
- Puss (PUSS) goes up 30% as the whole market corrects.
- SunPump is launching a livestream feature. Did they not read the Pump.fun news? Or is Mr. Sun up to new tricks again?
SUI Memes
- MemeFi launches and rises 68%, though the level of FUD is unreal, with many calling it a scam.
- Is the Solana killer still a thing or have we moved on?
Bitcoin Runes
Only RunesBridge (RB) shows profits from all the top Runes tokens by market cap.
Is Bitcoin the world’s biggest meme coin?
Meme Coin News
Controversy Around Pump.fun
Pump.fun is again at the center of a major crypto controversy due to its new livestream feature. Last week’s funny schadenfreude moment—where meme degens scarred a kid who rugged his meme coin on air for life by pumping his dumped $30K to a crazy $4M in value—took a predictable dark turn as the normie hordes piled in with absolutely no chill. Sorry, ChillGuy!
Initially designed to increase community engagement, the feature has been exploited for acts including threats of violence, self-harm, nudity, and abuse, all intended to pump tokens. .
Sickening incidents include:
- A user allegedly threatening suicide over token market cap failures.
- Livestreams featuring graphic violence, including a minor with a shotgun, abuse of a toddler, and threats involving animals.
Despite Pump.fun’s claims of moderation as they paused the livestream feature, the lack of effective safeguards has sparked outrage online. Financially, the platform saw a brief spike in revenue before the backlash caused a sharp decline.
Pump.fun now faces potential regulatory scrutiny as the controversy continues. It makes you think: can decentralized platforms balance freedom with accountability?
Justice Meme Coin Controversy
Mark Longo launched the Justice for Pnut and Fred (JUSTICE) meme coin as a protest against the popular PNUT coin, which he claims exploited the legacy of his famous pet squirrel, Peanut. Ironically, on-chain analytics revealed that a small, coordinated group of wallets controls 80% of its supply, raising suspicions of insider manipulation.
JUSTICE skyrocketed just after launch, hitting a $102 million market cap. With evidence of centralized control and signs of pre-launch wallet coordination, critics question whether the coin is truly an honest attempt to reclaim Longo’s story. Is it maybe just a revenge-driven cash grab?
What can you do next?
- Beware of extreme volatility right now, and be careful with leverage trading on memes.
- Smaller meme coins may experience high volume over short periods but have low liquidity, which is very risky.
- Avoid harmful content on livestream platforms.
- Consider reinvesting some profits into safer crypto tokens or stables.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
