Crypto Meme Coins Rally Amid Overall Market Dip
DOGE, PEPE, and SPARKL Record Gains as Solana And ETH Memes Benefit
Following a broader crypto market correction, meme coins have staged a significant rally. Dogecoin (DOGE), Pepe (PEPE), and the SPARKL token are among the most impressive gainers, according to analyses from CoinGecko.
- DOGE has climbed 6.7% in the last 24 hours and added approximately 18% week-to-date.
- PEPE commanded the highest 24-hour trading volume after Dogecoin, surpassing its $5.7 billion turnover.
The resurgence is partaking of platform-specific and topical movements:
Pump.fun Launch Fuels Solana Meme Action
The launch of Pump.fun, a Solana-based meme coin launchpad that completed an $600 million initial coin offering (ICO) on its Saturday debut, effectively triggered further gains across select meme tokens.
The official token BONK rose ~20% recently, building on a ~69% monthly gain, while the platform’s token, PUMP, swelled nearly 12% over the past day to a market cap exceeding $2.2 billion.
- Tokens launched via Pump.fun, such as UFD, MICHI, and CHILLGUY, gained over 10% in the last 24 hours.
Leadership Shift with Trump Tokens
Following the Pump.fun token launch, U.S. President Donald Trump and First Lady Melania Trump’s officially created tokens have surged.
While DOGE increased by 6.7%, TRUMP gained 10.3% and MELANIA added 32.5% in the previous day, outperforming both DOGE and the overall category.
Ethereum Blockchains Also See Meme Strength
In parallel, Ethereum-based meme coins also saw gains.
- SHIB jumped ~7.9% in the last 24 hours
- PEPE increased ~11% week-to-date
Even a recreational token attempt SPARKL—which seeks to surpass the market cap of the S&P 500—achieved a nearly 25% daily increase, breaching the $1.89 threshold.