The meme coin market saw a 5% rise this week, reaching $58 billion, despite broader crypto declines.
TL;DR
- Meme coin sector up 5% to $58B despite broader market dip, led by DOGE's 23% surge
- Pump.fun launches new trading terminal with 0% fees for the first month
- AI meme coins trending with GOAT leading (+129%), despite 50% dump after AI typo
- DOGE, SPX6900 and PopCat were top performers (+9-33%)
- New tokens are reaching $1B+ market cap in weeks vs. years prior
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7-Day Meme Coin Market Snapshot
The meme coin market cap is up around 5%, from about $55 billion to $58 billion, in the last seven days.
This is good considering that crypto majors like Ethereum and Solana all dipped after Bitcoin could not sustain its momentum, dropping from $69,500 to just above $66,000 at the time of writing.
How many times did you hit the refresh button (F5) on CoinMarketCap to see if we reclaimed $70K? A new Bitcoin ATH could have opened the floodgates to Meme Coin La-La Land. Close, but no cigar. Other major cryptocurrencies like TON, Ethereum and ADA followed with over $165 million long positions liquidated.
Was that it for Bitcoin Uptober but not for meme coins? There’s still a lot of life left in the meme coin market, as DOGE finally woke up and pumped by 23%, on the back of Elon Musk’s shilling and Trump’s improving election odds.
AI Meme Coins: Week 2
The crazy success of GOAT has started a new sentient AI meme coin meta, seeing many other copycat AI-powered meme coins like GNON being deployed. With a fresh new narrative to chase, meme coin chads have been shilling them hard from X to their local trading Discords.
Some are loving it, others are praying for it to end.
But will it ever end? Miles Deutscher thinks it has staying power.
Meme Coin Market vs Other Crypto Sectors
Guess who’s back at number one! According to DeFiLlama’s Narrative Tracker, the meme coin sector’s mCap-weighted category performed the best in the last seven days, with a 10.50% rise versus other sectors.
The 30-day trajectory for meme coins is also up, rising over 60%.
Source: DeFiLlama.com
The top meme coins are moving up in a correlated trend.
Top 10 Meme Coin Leaderboard
Source: CMC Meme coins Page
Meme Coin Charts: 7-Day Insights
DOGE has been struggling this year to keep up in terms of growth with the new shiny competitors in the top 20 ranked meme coins by market cap, but this week it rose from the dead and outperformed most in the last seven days.
Biggest Gainers (Last 7 Days):
- Goatseus: +129%
- SPX6900: +33%
- PopCat: +18%
- Dogecoin (DOGE): +9%
Top Losers (Last 7 Days):
- First Neiro On Ethereum (NEIRO): -27%
- BOOK OF MEME (BOME): -5%
- DOGS (DOGS): -8%
- TURBO (TURBO): -15%
Hip Hippo: Normies Chose MOODENG, Ansem Chose Violence
Nearly 300 strangers chose their favorite meme coin from a list of 50 meme coins. From a range including dogs, cats, frogs, and goats, the winner was unsurprisingly that cute little hippo.
Ansem wasn’t impressed.
Meme Coins by Chain
Ethereum Memes
Ethereum is showing strong signs of life, with significant Ethereum ETF inflows boosting market confidence and meme coins on the chain, evident with DOGE band Shiba Inu making moves.
Solana Memes
- Solana price seemed resilient with more selling pressure from Pump.fun. Their fee account sold more than $6.6 million worth of Solana tokens on Oct. 22, Cointelegraph reports.
- Several smaller to midcap meme coins within the Solana ecosystem hit new all-time highs (ATH). FWOG is up 43.81%, bringing its market cap to $223 million.
Tron Memes
Tron meme coins are looking slightly better, with five of the top 10 tokens by market cap ending positive over the last seven days. Tron Bull was the top gainer with a 101% price increase, and SunCat is purring with a 60% pump.
The SunGod is stoking the fires as usual, bull-posting like a raging Tron Bull.
He was also appointed as the first prime minister of Liberland.
SUI Memes
Sui meme coins’ slump continues with none of the top 10 tokens by market cap ending positive over the last seven days as the ecosystem token also declines. Is the ‘Solana-killer’ simply catching its breath or is it fighting a losing battle?
So About That Supercycle…
So, just how fast is the meme coin market growing?
New meme coin poster boy Murad clearly thinks that we are in a Supercycle.
What’s certain is that when a meme coin blows up, it blows up faster and bigger than before.
- DOGE launched in 2013, taking until 2021 to hit a billion-dollar market cap.
- Shiba Inu followed, reaching $11 billion in just three years.
- Then PEPE arrived, soaring to $4 billion in under 12 months.
- This year, WIF hit a $4 billion market cap in under four months.
- SPX6900 went from $10 million to $1 billion in only one month.
Let’s repeat that. DOGE: 8 years to $1B
SHIB: 3 years to $11B
PEPE: <1 year to $4B
WIF: 4 months to $4B
SPX6900: 1 month to $1B
Will we see a new meme coin hit a cool billion dollars in a week (or, dare we say, 24 hours) by the end of this bull run?
Biggest Meme Coin News This Week
Pump.fun Reveals New Trading Terminal
The team behind Pump.fun announced a future token release and introduced an upgraded trading terminal, Pump Advance, in an Oct. 19 X (formerly known as Twitter) Spaces event.
The new platform offers features like mini-charts, data on top holders, social indicators, and 0% fees for the first month, with improved login security.
The new service couldn’t come at a better time. A staggering 98.5% of its meme coins fail to bond and list on Raydium.
AI’s “Oopsie” Moment
GOAT dumped 50% after Truth Terminal made a typo.
As jokingly stated by Andy Ayrey, the more it interacts with Crypto Twitter the dumber it becomes. But is it actually funny?
What You Can Do:
- Monitor Pump.fun's new trading terminal launch and potential token announcement
- Watch DOGE's momentum with Trump election odds and Elon's influence
- Track AI meme coin trends, particularly GOAT and copycat projects
- Keep an eye on cross-chain dynamics (SOL resilient, SUI struggling, ETH reviving)
- Consider timing of entry with Bitcoin's struggle at $70K affecting broader market
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