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Cryptocurrency News Articles
Meme Coins That Died in 2025 Are Now Making a Comeback
May 12, 2025 at 02:25 pm
CCN mentioned that meme coins managed to dominate the news throughout 2024. Tokens mostly built on the Solana (SOL) blockchain have soared to very high valuations
In the rapidly evolving realm of cryptocurrencies, memecoins have emerged as a dominant force, particularly in the early stages of 2024.
These tokens, largely based on the Solana (SOL) blockchain, witnessed an incredible surge, propelling some memecoins to astronomical valuations within a short span.
However, like most ebullience, this euphoria began to wane by 2025, brought on by the memecoin bubble finally bursting.
Within a few months, most of these memecoins encountered a steep decline, with several losing over 90% of their value and disappearing from the public eye.
But as this week drew to a close, there was an unexpected shift. Some of Solana’s memecoins, previously written off as “dead,” began to show signs of a comeback, with double-digit price jumps sparking hope among their early backers.
In this analysis, CCN highlights three Solana coin memes that were once the talk of the town due to their extreme price spikes – and now appear to be making an unexpected return.
Moo Deng (MOODENG)
Moo Deng (MOODENG), a memecoin on the Solana network inspired by a Thai baby hippo, is leading the resurgence of meme coins. The token recorded the biggest price spike in the past week.
The token, which is also known as Moo Deng, had seen better days in the past.
By November 2024, MOODENG’s market capitalization had soared past the $600 million mark – an achievement that most other memecoins struggle to achieve. However, in early May 2025, the capitalization plummeted to below $40 million, with MOODENG’s price dropping to $0.037.
But over the last seven days, MOODENG’s price has jumped more than 200%, touching $0.13.
This surge comes as demand for Solana-based memecoins increases, especially when the SOL price tests the $170 level again. Technically, the daily chart shows that Moo Deng’s price increase managed to break out of a descending triangle pattern.
This price surge also caused the Relative Strength Index (RSI) to rise to 88.79 – signaling a strong bullish momentum. However, it also shows that MOODENG is in overbought territory.
Interestingly, the green line on the Supertrend indicator is below the current price, indicating a strong support level. If these conditions hold, MOODENG could potentially go up to $0.17 in the short term.
Conversely, if profit-taking increases, MOODENG prices could correct back below $0.10.
Peanut the Squirrel (PNUT)
Another animal-themed coin on the Solana network, Peanut the Squirrel (PNUT), also performed impressively this week.
Having previously recorded a market capitalization of nearly $2 billion by the end of 2024, the token stole the show again with an 80% price surge in the last seven days, pushing its valuation to $315 million.
This resurgence has been driven by a drastic surge in trading volume, which has now surpassed $800 million – a level that has not been reached in recent months. If this upward trend in volume and price continues, PNUT’s market capitalization has the potential to rise even higher in the near future.
Since February, the PNUT price has been trading in the range of $0.12 to $0.26. However, with the latest spike, the token managed to break that upper limit.
At the time of writing, the Chaikin Money Flow (CMF) indicator rose to the 0.20 level, indicating strong buying pressure. The Money Flow Index (MFI) also followed a similar direction, reinforcing the bullish signal.
If this trend continues, PUNT prices could potentially rise to near $0.47. On the other hand, if selling pressure increases, this trend could reverse and PUNT prices could drop below $0.24.
Goatseus Maximus (GOAT)
Last on Solana’s list of memecoins to experience a significant recovery was the AI-themed memecoin, Goatseus Maximus (GOAT). To date, GOAT is still down 91% from its all-time high.
However, in the past week, its market value jumped by almost 50% and is now trading at around $0.12. On the 4-hour chart, this surge occurred after GOAT broke out of a falling wedge pattern.
During this rise, the Moving Average Convergence Divergence (MACD) indicator also moved into the positive zone, indicating bullish momentum.
If this trend holds, the GOAT price has the potential to rise to the top of the shadow (wick) at $0.13.
Conversely, if there is increased profit-taking on GOAT, the
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