Meme coins are staging a strong comeback, riding the momentum of Bitcoin’s recent surge above $105,000.
Bitcoin briefly topped $105,000 earlier Monday, lifting market sentiment across crypto and triggering sharp price spikes in several small-cap tokens.
Among the biggest gainers was Pippin (PIPPIN), which climbed more than 80% over the past 24 hours, while Moo Deng (MOODENG) and Dogwifhat (WIF) also recorded double-digit gains.
Sudden capital inflows and breakout moves point to renewed investor appetite for speculative meme assets, some of which are already testing multi-month highs.
Pippin price jumps 85.16% as trading volume rises
Launched in November 2024, PIPPIN has a total and maximum supply of 999.94 million tokens and a fully diluted valuation (FDV) of $47.2 million.
The token surged dramatically by 85.16% over the past 24 hours, positioning it among the best-performing meme coins on the market.
Despite its small-cap status, PIPPIN drew significant interest from both retail and institutional traders.
On-chain data from Nansen show that more than $1.9 million worth of PIPPIN was transferred to centralized exchanges within the same 24-hour window. This flow suggests a mix of buying enthusiasm and early profit-taking.
Current price action is consolidating around $0.047, just beneath resistance near $0.052.
Analysts tracking a concentrated ownership metric—measuring how concentrated token holdings are—note a buy-bag index of 3.13%, indicating that PIPPIN’s distribution is broader and potentially healthier than many other meme coins.
Source: CoinMarketCap
If bullish momentum holds, the price could reach $0.064. However, heavy selling could push it down to support at $0.035.
Moo Deng gains 12.71%, approaches $0.24 resistance
Moo Deng (MOODENG), launched in September 2024 with a total supply of 989.97 million tokens, rose 12.71% in the last 24 hours.
The token’s fully diluted valuation stands at roughly $238.59 million. At the time of reporting, MOODENG was trading near $0.24, reflecting strong bullish pressure.
Source: CoinMarketCap
Market watchers expect the coin will attempt a breakout above $0.35, which could pave the way toward $0.50.
Those projections are based on a pronounced rise in trading volume and growing demand, with some investors viewing MOODENG as an under-the-radar candidate for short-term gains.
However, the token is also vulnerable to a pullback after reaching a four-month high.
If sellers take control, MOODENG could fall below $0.24, with deeper support levels at $0.18 and $0.12. Breaching those levels would signal a loss of momentum and could negate the coin’s short-term structure.
Dogwifhat leaps 33.19%
Dogwifhat (WIF) is one of the more recognized meme coins on this list.
Its total and maximum supply is 998.92 million tokens, with an FDV of $1.17 billion.
WIF’s price jumped 33.19% over the past 24 hours to about $1.17, with its momentum largely tied to the ongoing Bitcoin rally.
Source: CoinMarketCap
Traders are watching resistance at $1.24. A clear breakout above that level could trigger a move toward $1.52, especially if Bitcoin sentiment and the broader meme asset rally persist.
However, like its peers, WIF faces downside risk.
If sellers dominate, the price could slip below $1.04 and test support at $0.85.
Such a move would undermine current momentum and reflect growing caution among traders.
The next 48 hours may be decisive in determining whether WIF can sustain its gains or succumbs to market fatigue.