Surging Demand for Solana Meme Coins Revives MOODENG, PNUT, and GOAT

CCN mentioned that meme coins managed to dominate the news throughout 2024.

Jakarta, Pintu News – CCN reports that meme coins have managed to dominate the news throughout 2024. Mostly built on the Solana chain, these tokens quickly rose to fame but within months most of them went crashing down – many losing more than 90% of their value and disappearing from the public spotlight.

However, towards the end of this week, there was a surprising turnaround. Some of Solana’s memecoins that were previously thought to be “dead” began to show signs of revival, with double-digit price jumps rekindling hope among his early supporters.

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 comeback.

Moo Deng (MOODENG)

The memecoin on the Solana network is leading the resurgence of meme coins. The token recorded the biggest price spike in the past week.

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 plummetered to below $40 million, with MOODENG’s price dropping to $0.037.

Read also: 3 US Cryptos to Watch If the Fed Hints at a Rate Cut in June!

However, in the last seven days, MOODENG’s price has jumped more than 200%, touching $0.13.

According to a report from CCN, 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 inoverbought 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, ifprofit-taking increases, MOODENG prices could correct back below $0.10.

Peanut the Squirrel (PNUT)

Peanut the Squirrel is another Solana memecoin that experienced a significant price increase. In the last seven days alone, the token’s price has surged by 80%, pushing its valuation to $315 million.

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, we can expect to see increases in PNUT prices, potentially reaching around $0.47. On the other hand, if there is a rise in selling pressure, we might observe a reversal of this trend and a decrease in PNUT prices to levels below $0.24.

Goatseus Maximus (GOAT)

The AI-themed memecoin is also experiencing a price recovery after a steep decline earlier in the year.

After hitting a low of $0.08 in May, the token’s price has been slowly but surely bouncing back. According to CCN, GOAT’s price increased by almost 50% in the past week.

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, then we can expect