Major meme coins experienced significant rallies as Bitcoin (BTC) surged past the $100,000 milestone, sparking widespread bullish sentiment across the crypto market. Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Fartcoin (FARTCOIN), and Official Trump Token (TRUMP) all posted notable gains before succumbing to brief profit-taking-induced corrections.
DOGE led the pack with a 14% daily gain, even outperforming BTC, and remains up 36% on the month, with technical indicators suggesting continued bullish momentum. PEPE saw daily surges exceeding 23-41.5%, positioning itself for a potential further run. SHIB witnessed near-double-digit gains alongside the top meme coins.
Solana-based tokens such as FARTCOIN (+24%) and TRUMP (+16%) also saw sharp upward moves, benefiting from viral news and community-driven events, such as access to a special dinner for top TRUMP holders. However, the news cycle was also marred by controversy around the MELANIA token, with major profit-taking and rug pull concerns after its value fell 97% from the all-time high, highlighting ongoing risks in the meme sector.
Despite the volatility and warnings of possible sharp corrections—especially if BTC were to experience a flash crash—momentum indicators (RSI, MACD) across meme coins remain bullish, and the overall meme coin market capitalization jumped 16.5% to $65 billion in 24 hours. Nonetheless, traders should remain cautious due to the inherent risk and speculative nature of these assets.