The meme coin market was topsy-turvy again over the last seven days as geopolitical tensions escalated in the Middle East and the FOMC meeting subdued markets.
Introduction
The meme coin market was topsy-turvy again over the last seven days as geopolitical tensions escalated in the Middle East and the FOMC meeting subdued markets. The top meme coins all took a chain-agnostic beating, with Pepe, Brett and MEW shedding double digits.
The X accounts of Pump.fun and its founder, Alon Cohen, were suspended, along with dozens of other crypto-related accounts, with no explanation provided. The suspensions sparked speculation about potential regulatory scrutiny and platform violations, but both Pump.fun and Alon regained access to their accounts.
7-Day Meme Coin Market Snapshot
The meme coin market cap dropped almost 12%, from $61.86 billion to $54.67 billion, over the last seven days.
Once again, the top meme coin gainers reminded us that no matter how down bad the market is, there are always a few gems shining through the chaos.
Source: CoinMarketCap
Despite global political tensions flooding the timeline, crypto’s heavyweights, Bitcoin, Ethereum, Solana, XRP and BNB, are holding their range like seasoned pros while U.S. lawmakers push the GENIUS Act to bring clarity to stablecoins.
Meme Coin Market vs Other Crypto Sectors
According to DeFiLlama's Narrative Tracker, memes have outperformed BTC, ETH, SOL, Gaming and NFTs this year.
Though not out of the woods, the 30-day trajectory is looking less grim, currently down less than 10% after a modest rebound.
Source: DeFiLlama
Top 20 Meme Coin Leaderboard
The meme coin bounce was fun while it lasted, but the sell-off came roaring back. Just like that, your favorite bag-shilling KOL went from hero to zero again in record time.
Meme Coin Charts: 7-Day Insights
Meme coins spent the week caught between hype and hesitation, while community energy stayed strong.
Biggest Gainers
- Cheems (CHEEMS): +5.90%
Biggest Decliners
- Popcat (POPCAT): -17.48%
- Brett (BRETT): -17.45%
- Fartcoin (FARTCOIN): -17.32%
- Dog (DOG): -16.26%
- Pepe (PEPE): -16.02%
Solana Memes
- Aura (AURA) showed strength this week, with a resurrection rally of 120% after it was CTO’d! Wait, are we still doing the whole CTO thing?
Ethereum Memes
- Joe Coin (JOE) soared over 50% as it got listed on more exchanges.
Sui Memes
- Sudeng (HIPPO) made a splash with a 5% gain, while the rest of the top Sui meme coins stayed flat.
Tron Memes
- SUNDOG (SUNDOG) shot up over 10%, staying true to its name as it blazed ahead on its mission to the sun.
What Can You Do Next?
- DYOR before aping any tokens; meme coins are extremely risky.
- Keep an eye on the GENIUS Act, which might bring clarity to stablecoins.
- Meme coins are volatile. Make sure to have a diversified portfolio.
- Consider reinvesting some profits into safer crypto tokens or stables.
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