The convergence of commodity trading and meme tokens has birthed a new, volatile narrative in the cryptocurrency market, sparked by a social media post from prominent crypto influencer Cobie. The trend began when Cobie, known for his skepticism toward memecoins, innocuously remarked on X that "at least copper is not threatened by having a copy token called CopperInu." The meme market responded instantly, creating the very token he mentioned.
CopperInu (COPPERINU) quickly rallied based on this exposure, leading to a wave of copycat and spoof tokens, including another token named CopperInu with the ticker COPPER. The trend rapidly expanded to include other commodities, with gold and silver-themed memecoins launching within days. Data aggregator CoinGecko officially recognized the trend, creating a new "Commodity Memecoins" category on January 28, 2026, to group assets like COPPERINU and $GOLD.
The collective valuation of these commodity meme tokens surpassed $9 million, though they remain highly unpredictable. CopperInu itself experienced a boom and crash cycle, still trading above its launch price but down over 37% in a 24-hour period. Analysis revealed potential risks, with an estimated 32% of the COPPERINU supply controlled by the team across linked wallets, and early influencers selling their holdings shortly after launch.
Simultaneously, the broader memecoin sector is showing signs of a rebound, up 4.2% over the past week. Analysts have identified three key memecoins to watch as February 2026 begins. Dogecoin (DOGE) is flashing early reversal signals, with its price rebounding nearly 8% between January 25-28 while on-chain selling activity (Spent Coin Age Band) dropped over 60%, suggesting holder conviction. A bullish divergence between price and RSI has also been noted.
Official Trump (TRUMP) is gaining attention due to narrative timing around a forthcoming Melania Trump documentary and on-chain accumulation, with whale holdings increasing 7.72% in 24 hours. Pippin (PIPPIN) has surged over 60% in 24 hours, with whales increasing holdings by 6.88%, but is forming a potential head-and-shoulders pattern on the chart, indicating rising technical risk alongside its strength.
