The meme coin market bounced 16% off the lows.
TL;DR
- The meme coin market bounced 16% off the lows
- Solana meme coins led the rebound
- Trump told the world that now is a good time to buy
- Conor McGregor’s meme coin flopped
- Melania Trump’s meme coin team sold tokens
Meme Coin Snaps
- The meme coin sector and the overall market survived a brutal meltdown and were then saved by our influencer-in-chief, Mr. Trump, as he made a call that literally read, “THIS IS A GREAT TIME TO BUY!!!” three hours before he announced a 90-day pause to tariffs—and the market went BRRRRRRR!
- The tariff wars are not even over yet, and as expected, we are already getting bottom calls.
7-Day Meme Coin Market Snapshot
The meme coin market cap is down over the last seven days from $46.89 billion to $44.67 billion but recovered well from the mini Armageddon we experienced, bouncing almost 16% off the lows.
As usual, some meme coins defied gravity and started up their rocket engines before blasting into the crypto stratosphere!
Source: CoinMarketCap
The crypto majors, Bitcoin, Ethereum, Solana, XRP and BNB, saw a decent relief rally after the red week as the U.S. Senate confirmed Paul Atkins to lead the SEC under Trump.
Meme Coin Market vs Other Crypto Sectors
DeFiLlama's Narrative Tracker showed that memes ranked fifth over the last seven days and outperformed Bitcoin, Ethereum and NFTs but could not get past the king of memes, Solana.
The 30-day trajectory showed positive gains for the first time in months. Are you still there, anon?
Source: DeFiLlama
Top 20 Meme Coin Leaderboard
While many have written off meme coins, the trenches are still very much alive and well if you can deal with the volatility and high risk. Emphasis on “if.”
Meme Coin Charts: 7-Day Insights
The meme coin sector’s top KOLs are back in full force as market sentiment turns positive. Brace yourselves!
https://twitter.com/daumeneth/status/1910152465510535295
Biggest Gainers
Top Decliners
- cat in a dogs world (MEW): -32.33%
- Snek (SNEK): -15.55%
- Notcoin (NOT): -14.28%
- OFFICIAL TRUMP (TRUMP): -13.52%
- Pudgy Penguins (PENGU): -8.49%
Meme Coins by Chain
Solana Memes
- Fartcoin (FARTCOIN) rose 76% like hot air while they claim to be the most bought token by smart money. “Trust me bro!”
Ethereum Memes
- SPX6900 (SPX) is in the green by almost 5% and on their mission to outperform Wall Street.
- Mog Coin (MOG) went up 2.39% and claims to be the internet’s first culture coin.
BSC Memes
- Tutorial (TUT) gained 12% as they burned 6 million TUT.
- Test (TST) rose almost 22% while they remain unbothered, moisturized, happy, and in their lane.
Base Memes
- Based Fartcoin (FARTCOIN) jumped 13% as they are tokenizing farts with the help of bots. Yes, you heard that right.
- Mr. Miggles (MIGGLES) went up 7%, and the Envision bot is now live in their HQ.
Meme Coin News
Official Inquiry Into Milei’s Libra
Argentina’s Chamber of Deputies has launched a formal investigation into President Milei’s LIBRA meme coin scandal after the token’s sudden collapse wiped out over $280 million from nearly 75,000 investors.
In a special session on April 8, lawmakers passed three key resolutions: forming an investigative commission, summoning top government officials for questioning, and demanding detailed reports on the government’s involvement in LIBRA’s development and promotion.
Conor McGregor’s Meme Coin Flops
Conor McGregor’s highly promoted meme coin, REAL, has failed to meet expectations after raising only $392,000, just 39% of its $1 million minimum presale goal. As a result, the project has been paused and all funds have been refunded to participants.
The 28-hour sealed-bid auction, organized by the Real World Gaming DAO, aimed to sell 60 million tokens but attracted only 668 participants. REKT! The meme coin market clearly still suffers from PTSD following recent scandals like LIBRA. Even with backing from Animoca Brands and KuCoin Labs, REAL failed to attract the degens.
Raydium Faces Threat From Pump.fun
Raydium has increased its dominance in Solana-based meme coin trading to 83% over the past three months. It’s growing share is largely attributed to its unofficial partnership with Pump.fun, which creates over 50% of SPL tokens.
Source: CEX.io
This dominance may be threatened, though. Pump.fun has launched its own decentralized exchange (DEX), potentially cutting off the flow of new tokens to Raydium. While Raydium has responded with its own platform, LaunchLab, the community-driven nature of Pump.fun may be difficult to compete with.
Melania Trump’s Meme Coin Team Sells Tokens
Melania Trump’s meme coin project, MELANIA, is under investigation after blockchain analytics firm Bubblemaps reported that the team quietly began selling $30 million worth of tokens from the project’s community funds.
According to a post by Bubblemaps, 50 million MELANIA tokens were transferred to a single wallet, then split across multiple addresses. Of those, $3 million was sent to exchanges, two $6 million positions were opened, and $500,000 was sold.
What Can You Do Next?
- DYOR before aping any celebrity tokens; so far, they have all pumped and dumped.
- Don’t just focus on one chain as you can see even Ada coins are currently doing well.
- Meme coins are extremely volatile. Make sure to have a diversified portfolio.
- Consider reinvesting some profits into safer crypto tokens or stables.
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