In recent months, meme coins have performed strongly, with many outpacing traditional large-cap cryptocurrencies like Bitcoin, Ethereum, and Solana. Tokens such as Floki Inu, Dogwifhat, and Pepe have each climbed more than 300% year-to-date, while most major coins have risen by less than 100%.
Dogecoin and Shiba Inu Losing Momentum
There are signs that traders are shifting attention to newer meme coins as the pioneering tokens lose steam.
For example, legacy tokens like Dogecoin and Shiba Inu have seen more modest gains — roughly 20% and 30% respectively — while many newer tokens, including Dogwifhat and Pepe, have doubled in value over the same period.
Daily trading volume highlights this trend. CoinMarketCap data show Dogecoin’s 24-hour volume at just over $288 million and Shiba Inu’s at more than $115 million. These figures are relatively small considering their market capitalizations of about $17 billion and $9.9 billion respectively.
By contrast, Pepe recorded over $356 million in 24-hour volume, and Dogwifhat saw about $326 million. Their market caps stand near $4.5 billion and $1.9 billion respectively, indicating stronger trading interest relative to size.
Other smaller tokens such as Floki, Bonk, and Mog Coin also report higher trading volumes than both Dogecoin and Shiba Inu, reinforcing the narrative that capital and attention are flowing toward newer meme projects.
Solciety’s Token Sale Gains Traction
This market backdrop coincides with notable activity around the Solciety token sale. Recent figures indicate the Solciety network has raised more than $556,000 in under a month, suggesting investor optimism for the project.
Solciety positions itself as a next-generation token aiming to become a leading player in the meme coin space. The developers emphasize neutrality and hope the token will emerge as a primary “politically neutral” meme coin, setting it apart from politically themed tokens.
A key feature of the project is a meme-coin generator that allows users to create and share memes on social media and earn rewards for engagement. The team intends for the pre-sale funds to support development of a large meme-coin platform.
Under Solciety’s tokenomics, the total supply will be 10 billion tokens: 30% allocated to the token sale and 20% dedicated to marketing. The remaining tokens will support the treasury, liquidity, and ongoing development.
Solciety joins several other networks that have raised multi-million-dollar amounts through token sales this year. For instance, Bitcoin Dogs raised over $13 million in its token sale, and BitBot secured more than $6 million.