- The meme coin rally continues, with top gainers of the week including Skibidi Toilet ($SKBDI), SPX6900 ($SPX), and TROLL ($TROLL).
- Despite last week’s gains, $SKBDI, $SPX, and RETARDIO ($RETARDIO) experienced a decline in the past 24 hours.
- Meme coin presales like Pepe Unchained ($PEPU), Crypto All-Stars ($STARS), and Memebet Token ($MEMEBET) are picking up steam, presenting unique applications beyond cultural appeal.
The meme coin sector recorded a 2.9% market cap increase yesterday with an over $10T trading volume. $SPX is trending with a 127% weekly and a staggering 2,693% monthly growth.
As usual in the meme frontier, top gainers quickly fall from grace. The fallen star of the day is $RETARDIO, which dropped by 6.31% despite a recent 79.4% spike.
Meanwhile, presale meme coins like $PEPU continue to gain traction, with over $19M raised to date. $STARS tries to catch up, quickly approaching the $2.5M milestone.
Let’s zoom in on the meme coin market and speculate what drives the rally.
$NEIRO Now In Top 10, $SPX Loses Momentum
Yesterday, Troll ($TROLL), GameStop ($GME), Puffy ($PUFFY), Basenji ($BENJI), and SLERF ($SLERF) led the pack. However, some of last week’s top performers slipped – $SPX plunged by 12.54% and $SKBDI by 9.52%.
Popcat ($POPCAT), Moo Deng ($MOODENG), and Monsterra ($MSTR), all falling under Buterin’s selling spree, plummeted by 7.04%, 6.74%, and 4.84%, respectively.
Among older projects, Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE) stand unrivaled, still holding leading positions by market cap.
First, Neiro On Ethereum ($NEIRO) appeared in the top 10 – now, the question is whether it can sustain bullish momentum. Book Of Meme ($BOME) fell to #13 and Turbo ($TURBO) to #15, making way for newcomers.
New Meme Coins to Watch
As $RETARDIO struggles to support its upward trend, another GambleFi token, $MEMEBET, raised over $430K on presale, attracting risk-seeking investors with potential riches.
Playing on the popularity of tokens like $DOGE and $BRETT, $STARS introduces the first meme coin staking platform, allowing investors to amplify their holdings.
Yet few new projects can compete with $PEPU’s pace. In just three months, it generated $19M in funding, a large chunk of which will go toward project development and marketing.
$PEPU’s roadmap outlines an ambitious goal of ‘killing the original $PEPE.’ Given its presale performance, this possibility becomes terrifyingly real. Will the meme coin top list finally change?
Utility Wins?
While the meme coin market largely relies on speculation, we witness a growing trend of utility-backed meme coins.
Projects like $PEPU and $STARS provide real-world value. They aim to withstand the test of time, unlike short-lived coins like $SKBDI and $MOODENG.
Will these presale meme coins dethrone the likes of $PEPE and $BRETT? Only time will tell.
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Lora Pance Crypto & Tech Content Writer 
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