4 Best Meme Coins to Watch Right Now as the Market Recovers

After months of choppy price action, the meme coin market is finally showing signs of a promising comeback.

The meme coin market is finally showing signs of a promising comeback after months of choppy price action. The total market cap of meme coins briefly recovered to over $65 billion today, while Bitcoin (BTC) has been comfortably closing above the six-figure mark.

As a result, investors are now looking for meme coins that could break out during a new market-wide rally.

With that in mind, below are four of the best meme coins to watch right now.

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Shiba Inu

Shiba Inu (SHIB) is a dog-themed meme token that famously branded itself the “Dogecoin killer.” Launched in 2020 as a joke, it skyrocketed into the top crypto ranks by attracting an enormous following. While its price remains a fraction of a cent, Shiba Inu’s massive token supply hasn’t stopped it from hitting multibillion-dollar market valuations.

Shiba Inu has evolved far beyond a simple meme token. Over time, the project launched its own decentralized exchange (ShibaSwap), a Layer 2 network called Shibarium, and even a Web3 game called Shiba Eternity.

Historically, SHIB saw an all-time high of around $0.00008854 in 2021—and while it’s over 80% below those all-time highs, it remains a top 20 crypto by market cap.

The “Shib Army” (now over 1.5 million holders strong) is among crypto’s most active communities, and has relentlessly contributed to token burns to reduce the SHIB supply. The project’s strong ecosystem and global support has kept Shiba Inu relevant, even when its momentum periodically drops off.

Meanwhile, Shibarium’s transaction volumes have climbed steadily, surpassing $1.14 billion in cumulative on-chain activity. With meme coin sentiment turning bullish again, SHIB could be among the top performers if the overall market maintains its upward trajectory.

MIND of Pepe

Next on our list is MIND of Pepe (MIND), which brings a unique twist to the world of meme coins by blending Matt Furie’s iconic Pepe the Frog meme with the constantly-evolving field of artificial intelligence (AI).

MIND of Pepe’s AI agent is designed as an autonomous digital entity that will scan social media and market data in real time, analyze sentiment and trends, and even interact with humans and other AIs via the internet. It will effectively serve as a self-evolving crypto analyst, online marketer, and project developer that can manage a crypto wallet and launch new tokens by itself.

The MIND token presale has been raising funds at an impressive pace, already collecting almost $9 million from early supporters.

Early buyers can even stake their tokens during the presale for high annual yields of up to 254% pa.

The biggest near-term catalyst is the official debut of the MIND of Pepe AI agent, which is scheduled to take place on May 10. The project’s developers announced that this autonomous AI will go live on X, where it’s expected to start interacting with users and analyzing trends in real time.

You can still buy MIND for just $0.0037515 in its current (and final) presale stage, with only a few weeks remaining before it lists on exchanges.

Visit MIND of Pepe Presale

Pudgy Penguins

Pudgy Penguins (PENGU) is the meme coin born from one of the NFT world’s most beloved brands. The project began as a collection of cute, chubby penguin PFP (profile picture) NFTs that took the internet by storm in 2021—and since then, it’s expanded its reach beyond just the crypto niche.

The team’s savvy marketing, including adorable physical Pudgy Penguin toys available in Walmart and Target, has turned Pudgy Penguins into mainstream icons.

In late 2024, the team launched PENGU as the official token of the Pudgy Penguins ecosystem. Their idea was to let fans and collectors directly participate in the brand’s growth through a new meme cryptocurrency.

Soon after its debut, PENGU skyrocketed to a market cap of around $2.69 billion. The initial surge also pushed PENGU’s price to an all-time high of about $0.07 per token, before profit-taking kicked in.

After losing more than 90% of its value in the bear market, PENGU has finally recovered by up to 353% in the past month and settled into the $0.01–$0.02 range.

Many analysts are now speculating that upcoming toy releases, brand collaborations, and exchange listings could spark more price surges for PENGU, especially