The renewed optimism in the crypto markets is having an impact on the meme coins sector

The renewed optimism in the crypto markets is having an impact on the meme coins sector: Moo Deng stands out with a 500 percent weekly gain, but dogwifhat, PEPE, FLOKI, Dogecoin and others are also pumping.

The often-declared-dead meme coins category is experiencing a resurgence these days

Moo Deng, for example, has seen a whopping 500 percent weekly gain. The meme coin in the Solana ecosystem made its big debut last September and has since struggled with dwindling interest this year.

pygmy hippo Moo Deng meme coin isn’t alone in its upward trend; the “old-timer” Dogecoin (DOGE) has also seen a good 30 percent weekly gain.

Things are happening in the meme coin space:

* Well-known representatives of the sector are showing signs of recovery. PEPE is enjoying a 66 percent weekly gain, dogwifhat (WIF) has recorded around 100 percent over the past seven days, FLOKI is up 40 percent, and BONK is up a whopping 25 percent. But beware: none of the more or less established meme coins has yet come anywhere close to previous all-time highs.

The official TRUMP meme coin is already a special case due to its association with the US president

Yesterday, the controversial campaign to secure a seat at a dinner with Donald Trump using TRUMP ended. 220 investors qualified by holding as many TRUMP coins as they could for three weeks. Does the meme coin have a future without such special campaigns?

* Data from Dune shows that revenues and active users on the leading meme coin platform pump.fun are on the rise again, but still fall short of the very strong months of January and February. Pump.fun announced yesterday via X that it will now share a portion of the fees collected with the creators of new meme coins. Please note: The chances of becoming rich through clever trading on pump.fun are well below 1 percent.

Conclusion: Meme coins are experiencing a renaissance, from Moo Deng to dogwifhat

It seems as if the eulogy for meme coins was premature. The scandal surrounding Argentinian President Javier Milei’s LIBRA made headlines beyond the crypto scene at the beginning of the year, but has apparently already been forgotten.

With meme coins like Moo Deng, dogwifhat, and PEPE, those with a well-established community are currently pumping the most money. However, experience shows that the meme coin sector often plays by its own rules, and investors should not only have steady nerves but also a feel for trends and hype.

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(Featured image by Markus Winkler via Pexels)

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