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Cryptocurrency News Articles

The meme coin market on Solana is witnessing a major resurgence

May 12, 2025 at 03:31 pm

These additions have not only triggered substantial price rallies but also reignited interest in Solana's meme-driven ecosystem

The meme coin market on Solana is witnessing a major resurgence

Solana's meme coin market is showing signs of a major resurgence following Binance Alpha's high-profile listing of two emerging tokens: MOODENG and GOAT.

These additions have not only triggered substantial price rallies but also reignited interest in Solana's meme-driven ecosystem, which had cooled off amid prior controversies.

A new batch of Binance Alpha Projects added today!

Discover the latest tokens spotlighted in #Binance Markets.

MOODENG/WETH - Spot

GOAT/WETH - Spot

Navigate to the [Markets] – [Alpha] tab to trade.Know More

MOODENG, a meme coin themed around a Thai hippo mascot, has quickly become a standout performer. The token began gaining traction after receiving a nod from Ethereum co-founder Vitalik Buterin, who praised its cultural and community-driven origins.

Since its listing on Binance Alpha, MOODENG has surged by over 121%, reaching $0.2785 at the time of writing. The coin now boasts a market capitalization of $275.69 million, with trading volume up by a staggering 130.39%, signaling strong investor interest and market momentum.

Meanwhile, GOAT, a meme coin emerging from the Truth Terminal AI chatbot initiative, offers a fusion of artificial intelligence and internet culture. The project has caught the attention of traders and meme enthusiasts alike. Following its launch on Binance Alpha, GOAT's price increased by 27%, hitting $0.17, and continues to gain traction as an AI-themed meme token.

The rapid price movements of both tokens reflect a broader revival in the Solana meme coin market, which had faced headwinds following incidents such as the LIBRA controversy. Binance Alpha's strategic spotlight on these tokens has helped restore confidence and draw attention back to Solana-based meme projects.

“The recognition of the MOODENG character is a testament to the creative and community-driven nature of the crypto space,” a Binance Alpha spokesperson stated.

MOODENG Hits 989M Tokens as Binance Interest Grows

According to CoinMarketCap, MOODENG's circulating supply now exceeds 989 million tokens, showcasing sustained growth over the past 90 days. The sharp rise in price and trading activity signals a potential long-term trajectory, especially as Solana's infrastructure continues to evolve and attract both developers and meme communities.

This renewed momentum suggests that meme coins, once dismissed as novelty assets, are becoming increasingly important as a gateway to mass crypto adoption. What was initially perceived as a playful trend has now evolved into a key player in the broader cryptocurrency landscape. With the backing of influential platforms like Binance Alpha, which lends credibility and exposure, and a growing base of grassroots support, tokens such as MOODENG and GOAT are reshaping the narrative surrounding meme coins. These tokens are not just for entertainment; they’re driving engagement and fueling innovation on blockchain networks.

The rise of meme coins is now being viewed through the lens of their potential to onboard new users into the crypto ecosystem. As more people enter the space, meme coins are serving as a gateway to more complex blockchain applications and decentralized finance (DeFi) services. Their ability to capture the community's imagination is a testament to the evolving nature of digital assets.

Moreover, the role of exchange listings in enhancing token visibility and market viability cannot be overstated. With Solana's meme coin sector showing signs of growth, the industry is keenly observing whether tokens like MOODENG and GOAT can sustain their momentum and what new meme coins may emerge to capture even more attention in the future.

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Other articles published on Jun 08, 2025