Meme Token Market Review: Performance of New and Old Coins as Market Sentiment Cools

As the sentiment in the crypto market gradually recovers, the Meme Token sector has shown the first signs of rebound. Although the overall market is still in a consolidation phase, some Meme coins have begun to show active trends. This article will summarize the recently outstanding Meme Tokens for readers to understand the current market hotspots.

It is important to note that the prices of Meme tokens are highly volatile and carry significant risks; investors should carefully assess these risks. This article is for market information sharing only and does not constitute any investment advice.

Old Meme Coin Rebound

Fartcoin(Fartcoin) - Solana chain

As a representative of last year's popular "meaningless" Meme coin, Fartcoin has rebounded first in this round of market. Its current market cap is approximately $1.12 billion, with a 24-hour trading volume reaching $33 million, but it has not yet touched the historical highest market cap of $2.7 billion.

Launch Coin( Launch Coin on Believe) - Solana chain

As the main Token of the Believe platform, Launch Coin has shown strong performance in this market round. The continuous rise in coin price may drive the enthusiasm for asset issuance on the Believe platform. The current market capitalization is $130 million, with a 24-hour trading volume of $31.4 million, and the historical highest market capitalization is $370 million.

PENGU( Pudgy Penguins ) - Solana chain

Recently, PENGU has been driven by multiple positive news. On June 23, VanEck invited its NFT brand Pudgy Penguins to participate in the Nasdaq bell-ringing ceremony. Coupled with the rumors of PENGU ETF, this has driven up the coin price. Currently, the market capitalization is $1.02 billion, with a 24-hour trading volume of $10.8 million, and the historical highest market capitalization is $3.3 billion.

Mog(Mog Coin) - Ethereum Chain

Mog is a well-known Meme coin launched on the Ethereum chain in 2023. Its unique icon has spread rapidly within the community and has a high overlap with the Milady community. As a standout from last year's Meme craze, Mog still has a solid community foundation to this day. The current market cap is $390 million, with a 24-hour trading volume of $2.9 million and a historical peak market cap of $1.57 billion.

SPX(SPX6900) - Ethereum chain

SPX 6900 is one of the representatives of the subculture Meme, closely related to the Milady community. Among Ethereum Meme coins, the price trend of SPX is relatively strong, nearing its historical high. Currently, the market capitalization is $1.28 billion, with a 24-hour trading volume of $1.9 million, and the historical highest market capitalization is $1.76 billion.

BOOE(Book of Ethereum) - Ethereum Chain

BOOE initially drew from the concept of the Meme coin BOME on the Solana chain, and recently rose due to rumors of a "conspiracy group." The current market value is $4.3 million, with a 24-hour trading volume of $8.5 million, and a historical highest market value of $9.6 million.

APU(Apu Apustaja) - Ethereum chain

APU and Pepe belong to the Frog Pepe universe, and their popularity is on par with Pepe. Currently, the market capitalization is $85 million, with a 24-hour trading volume of $262,000, and an all-time high market cap of $600 million.

Emerging Meme Concept

It is worth noting that the recent driving force behind the popularity of Memes on the Solana chain has shifted from Pump.fun to Bonk's Meme launching platform Bonk.fun.

USELESS(USELESS coin) - Bonk.fun platform

The core concept of USELESS is "useless token", similar to Fartcoin, which focuses on a "meaningless" yet highly recognized pure Meme concept. After being issued on the Bonk.fun platform in May, it has continued to strengthen, bringing the Bonk.fun platform back into the market spotlight. The current market value is $191 million, with a 24-hour trading volume of $18.6 million, and a historical peak market value of $210 million.

USDUC( unstable coin ) - Bonk.fun platform

USDUC stands for "unstable coin". In the current environment of heated discussions around stablecoins, this reverse concept also has quite a Meme characteristic. Currently, its market cap is $28 million, with a 24-hour trading volume of $2.3 million.

IKUN(IKUN) - Bonk.fun platform

IKUN originated from a meme in Chinese internet culture and was once the leader in the market on the Bonk.fun platform in May. As the platform's popularity has rebounded, IKUN has also strengthened again. The current market cap is $8.2 million, with a 24-hour trading volume of $3.6 million and a historical peak market cap of $15 million.

In addition to Bonk.fun, Moonshot's official meme launch platform Moonshot Create has also received a lot of attention recently, with several popular tokens competing for the leading position.

MONKEPHONE(Monke Phone) - Moonshot Create platform

MONKEPHONE is the first Token launched on the Moonshot Create platform, featuring a "monkey with a phone" as its Meme image. Its issuance address is reported to be associated with the official Moonshot. Currently, it has a market capitalization of $7.3 million, a 24-hour trading volume of $5.8 million, and a historical peak market cap of $14 million.

RICH(GET RICH QUICK) - Moonshot Create platform

The core concept of RICH is "quick wealth", similar to Fartcoin and USELESS, and belongs to the category of purely concept-driven Meme coins. Currently, it is experiencing rapid growth, competing with MONKEPHONE and MOONCOIN for the leading position on the Moonshot Create platform. The current market capitalization is $8.6 million, with a 24-hour trading volume of $6.9 million, and a historical highest market cap of $11.5 million.

MOONCOIN(Mooncoin) - Moonshot Create platform

MOONCOIN is the first unofficial community Token on the Moonshot Create platform, competing with other concepts for platform dominance. Currently, its market cap is $4.3 million, with a 24-hour trading volume of $8.5 million and an all-time high market cap of $9.6 million.