Memecoin Journal - Week 12 2025

Weekly update on all things Memecoins

March 25, 2025

TL;DR

  • DOGE is up

  • SHIB is up

  • MUBARAK Surges 106% Amid CZ’s Support

  • Pump.fun Struggles as Revenue Hits 4-Month Low

  • Canary Capital Files for PENGU ETF

  • Pump.fun Launches PumpSwap

  • LIBRA Memecoin Lawsuit Targets Key Players

  • Four.Meme Resumes After $120K Attack

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Dogecoin Price

Crypto is down this week, with DOGE up 4.1% and SHIB up 6.0%:

Weekly Analysis

This weekly analysis is majorly on the top two MEME coin

Dogecoin (DOGE) has experienced significant price fluctuations in recent months, with its value dropping over 70% from its December 2024 peak of $0.48. Despite the correction, on-chain data and technical indicators suggest a potential rebound, with some analysts predicting a rally toward $0.29 in the short term.

According to data from Santiment, wallets holding at least 1 million DOGE have increased by 1.24% since early February, despite declining prices. This trend suggests that large holders see the current price levels as an accumulation opportunity, indicating confidence in a future recovery.

Source: Santiment

Additionally, Dogecoin’s active addresses surged to a four-month high, signaling increased network activity and engagement. Crypto analyst Ali Martinez noted that active addresses jumped from 150,000 on March 12 to over 280,000 by March 14, coinciding with a price increase from $0.16 to $0.26.

Further supporting the bullish outlook, whales have accumulated over 110 million DOGE within a week, reflecting institutional and large-scale investor interest in the memecoin. However, some of this buying pressure may have been short-term, as profit-taking led to subsequent price retracements.

Dogecoin is currently testing a strong support confluence at $0.13, consisting of a multi-year ascending trendline and the 200-week Exponential Moving Average (EMA).

Source: TradingView

Historically, this level has triggered strong bullish reversals. The Stochastic RSI, which measures momentum and overbought/oversold conditions, has formed a bullish cross in the oversold region. This pattern previously preceded Dogecoin’s 400% rally in 2024 and an 88% surge in 2023.

However, bearish signals persist. The Moving Average Convergence Divergence (MACD) indicator shows the MACD line below the signal line, suggesting weak bullish momentum.

The Relative Strength Index (RSI) currently stands at 36.97, hovering near the oversold region. If it remains below 40, selling pressure may continue, leading to further price declines.

Dogecoin is currently stuck between critical support at $0.18 and resistance at $0.29. Analysts, including Igor Bondarenko, warn that if DOGE fails to gain momentum above $0.18, it could drop as low as $0.10. The 20-day EMA is another crucial level to watch.

If DOGE holds above it, traders may see a push toward $0.22, aligning with the 50-week EMA. Breaking past $0.29 could confirm a stronger bullish trend.

Conversely, if the support confluence fails, DOGE risks a deeper correction to $0.12, a level that previously acted as strong support during the March-May 2024 period.

Dogecoin remains at a critical juncture, with whale accumulation and rising network activity hinting at a potential recovery. However, bearish indicators such as the MACD and RSI suggest caution.

If DOGE can break key resistance levels, a rally toward $0.29 remains plausible. Otherwise, further downside risks persist, making the next few weeks crucial for Dogecoin’s price trajectory.

Shiba Inu (SHIB) is showing strong bullish potential, rebounding from a long-term ascending triangle. Analysts predict a major rally as SHIB’s ecosystem expands, surpassing 1.5 million holders and achieving key Shibarium milestones.

Crypto analyst The Cryptagon notes that SHIB is bouncing off a 3.5-year ascending triangle, with its 1-week RSI mirroring past surges. A breakout above the $0.000035000 resistance could trigger a 700% rise to its ATH of $0.00008450. Analyst Javon Marks also forecasts a 500% rally to $0.000081 if momentum holds.

Crypto Analyst Sat highlights two possibilities. A breakout above $0.00001260 could push SHIB to $0.00001320 or higher. However, failure to break could lead to a drop to $0.00001220, invalidating the bullish setup. Shibarium’s developments and ongoing token burns strengthen long-term prospects.

Shibarium has surpassed 10 million blocks, maintaining a rapid 5-second block time. It has facilitated the burn of 713 million SHIB tokens, reducing total supply to 589.25 trillion. The number of addresses nears 175 million, reflecting growing adoption.

Shib OS, a decentralized governance platform, aims to transition enterprises to blockchain-based systems. An upcoming Shibarium upgrade will introduce the Pump Token feature for token discovery and a simplified launch tool for new projects.

Despite these bullish fundamentals, SHIB has faced recent challenges amid market fluctuations. Over the past 30 days, the token has declined by 20%, although signs of recovery have emerged with a 3.7% gain in the past week. Currently trading at $0.00001276, SHIB faces resistance at $0.000019. Trading activity has also slowed, with its 24-hour volume dropping by 25.96% to $143 million.

With growing adoption, strategic ecosystem developments, and bullish technical patterns, SHIB remains a strong contender for an upward breakout. Investors are closely watching whether the token can surpass key resistance levels and capitalize on its expanding ecosystem.

Financial News

Libra Creator’s ‘Wolf of Wall Street’ Memecoin Crashes 99%

Hayden Davis continues launching memecoins plagued with insider trading activity despite being wanted by Interpol for previous crypto scams. His latest project, Wolf (WOLF), saw 82% of its supply controlled by insiders before crashing 99%.

Blockchain analysts traced the token to Davis, linking it to prior schemes like Libra (LIBRA) and Official Melania Meme (MELANIA). WOLF briefly hit a $42 million market cap before its collapse. As memecoin scams rise, regulators push for stricter penalties, with U.S. lawmakers proposing new criminal charges targeting fraudulent crypto practices.

BNB Chain’s new memecoin, MUBARAK, has soared 106% this week, fueled by Binance Alpha listing and Changpeng Zhao’s support. The token briefly led BNB Chain’s memecoin rankings, with a $180M trading volume and a $159M market cap.

Zhao’s purchase of 20,150 MUBARAK for 1 BNB and his new X profile picture in traditional Arab attire further boosted interest. While Zhao downplayed his influence, this appears to be his first memecoin investment. The surge highlights growing memecoin activity on BNB Chain, reinforcing its appeal for traders and liquidity.

Pump.fun’s revenue has plunged to $791,500, a 94% drop from its $15.38 million peak in January, marking the lowest level since November. The decline aligns with a slowdown in the platform’s memecoin graduation rate, which has remained below 1% since mid-February.

The fading memecoin frenzy has contributed to a $1 trillion crypto market cap drop. In response, Pump.fun has launched a mobile app and plans to introduce an automatic market maker to boost liquidity and reignite interest in Solana-based memecoins.

Dohrnii (DHN) crashed 50% after Ethereum co-founder Vitalik Buterin sold 5,000 DHN for $125,000 in ETH via Uniswap. Despite the drop, Buterin still holds another 5,000 DHN worth around $114,600. The Dohrnii team offered to buy his remaining tokens over the counter to prevent further volatility.

While DHN rebounded to $40, concerns about price manipulation surfaced, with some alleging that the project’s low liquidity and questionable fundamentals inflated its market cap to $17 billion. Dohrnii claims to be a blockchain-based financial education platform but lacks detailed technical disclosures.

Tron-based memecoins soared nearly 20% in market cap on March 19, defying the broader memecoin downturn. Leading the rally, Sundog (SUNDOG) gained 10.3%, while TBULL and BULL surged 55% and 43%, respectively. The surge follows Tron founder Justin Sun’s zero-fee trading initiative on HTX, which runs until April 19.

Additionally, TRON will fully subsidize energy costs for memecoin trading for six months and allocate $1 million to support developers. SunPump’s top-performing tokens, including szn and Dragon Sun, are now strong contenders for HTX listings.

Adoption News

Raydium has launched LaunchLab, a token launch platform similar to Pump.fun but with enhanced pricing customization. Users can set price changes as linear, exponential, or logarithmic, and third-party interfaces can charge additional fees. Despite claims of non-competition, LaunchLab's timing coincides with Pump.fun’s AMM plans, raising speculation.

Pump.fun has significantly contributed to Raydium’s revenue, with 41% of swap earnings coming from its memecoins. Industry reactions are mixed—some see fee compression as beneficial, while others doubt Raydium can replicate Pump.fun’s community-driven success. RAY surged 12% following the announcement.

Canary Capital has filed for a U.S.-listed exchange-traded fund (ETF) holding the PENGU governance token and Pudgy Penguins NFTs, according to regulatory filings. If approved, it would be the first ETF in the U.S. to include NFTs. The fund may also hold ETH and SOL for liquidity purposes. The filing follows Canary’s recent proposal for a Sui ETF.

Despite the surge in crypto ETF applications under President Trump, skepticism remains about investor demand, with some analysts questioning their viability. Meanwhile, Solana futures ETFs have launched, but spot SOL ETFs await approval.

Pump.fun has launched PumpSwap, a decentralized exchange (DEX) on Solana designed to offer instant token migration, zero fees, and enhanced liquidity. The platform supports all launchpad coins completing their bonding curve and operates similarly to Raydium v4 and Uniswap v2.

Users can create and trade liquidity pools with a 0.25% trade fee, mostly benefiting liquidity providers. PumpSwap also integrates partner tokens from Aptos, Tron, and LayerZero, among others. The launch follows Raydium’s introduction of its memecoin-focused LaunchLab, signaling growing competition in the Solana-based DEX space.

Binance Lists MUBARAK, Broccoli for Vote

Binance has unveiled the first batch of tokens for its “vote to list” initiative, featuring memecoins Mubarak and Broccoli. Users will vote on which tokens get listed, with Binance assessing factors like adoption, tokenomics, and compliance. This round includes nine BNB Chain tokens, with future expansions planned.

CZ’s Dog surged 104%, while Mubarak dropped 32%. Industry experts warn that most viral tokens may lose value over time. Binance’s campaign aims to enhance community governance while ensuring rigorous due diligence in token listings.

Justin Sun has unveiled major incentives to boost TRON’s memecoin ecosystem, including zero trading fees, unlimited free energy, and up to $1 million in developer funding. Memecoin trading on TRON will be free for six months, aiming to attract developers and increase network activity.

Sun also pledged not to profit from memecoins, donating any earnings. TRX is trading at $0.23 after rebounding from $0.20 support, with RSI at 55.02, signaling potential upside. However, breaking resistance at $0.25 and $0.28-$0.30 will confirm a bullish trend. Increased network usage from these incentives could drive long-term TRX demand.

Ecosystem News

The memecoin surge has turned crypto into a speculative casino where insiders profit while most traders lose. Unlike traditional investments, memecoins lack intrinsic value and thrive on hype. Their unregulated nature mirrors gambling, favoring early adopters.

Regulatory gaps have fueled this trend, but stricter oversight may soon impose disclosures and tighter exchange listings. While memecoin speculation continues, repeated rug pulls could push traders toward Bitcoin and stable assets. As regulation evolves, the market may shift from risky speculation to long-term value investments, redefining crypto’s future.

BNB Chain-based platform Four.Meme has resumed operations after a $120,000 sandwich attack. The exploit, identified by security firms ExVul and CertiK, involved pre-calculating liquidity pool addresses and manipulating token transfers. The attacker siphoned 192 BNB and moved funds to FixedFloat.

This marks Four.Meme’s second attack in two months, following a $183,000 exploit in February. The broader crypto industry lost $1.53 billion to hacks in February, highlighting the rise of AI-driven scams and stablecoin laundering. Four.Meme has reinforced security and is compensating affected users.

A U.S. class-action lawsuit accuses Kelsier Ventures, KIP Protocol, and Meteora of manipulating the LIBRA token, leading to a $107 million loss for investors. The firms allegedly used a one-sided liquidity pool to inflate prices before insiders cashed out, triggering a 94% crash.

Argentine President Javier Milei, who promoted LIBRA, was mentioned but not named as a defendant. Plaintiffs seek damages and legal action to prevent further fraud. Blockchain data shows 86% of holders sold at a loss, while a few profited $180 million. LIBRA’s orchestrators now face legal scrutiny and potential global law enforcement action.

The Terra Luna Classic community is voting to reclassify USTC from a stablecoin to a Universal Standard Token or meme coin. With USTC trading at $0.01266, far from its $1 peg, the proposal aims to preserve exchange listings and bypass stablecoin regulations.

Binance plans to delist USTC, prompting concerns about further exchange removals. Technically, USTC has formed a double-bottom pattern, signaling a potential rebound to $0.03140, but a drop below $0.0085 could invalidate the bullish outlook. The community also proposes renaming it to Universal Standard Token Classic while keeping the USTC ticker.

ARK Invest CEO Cathie Wood predicts that most memecoins will eventually become worthless, though she believes some, like TRUMP, may endure. In a Bloomberg interview, Wood stated she does not invest in memecoins, favoring Bitcoin, Ethereum, and Solana instead.

She warned traders that regulators won’t protect them, highlighting past crashes like LIBRA (-94%) and TRUMP (-85%). The memecoin market has plummeted over 60% from its December peak of $137 billion, with viral investor Murad Mahmudov losing 80% of his holdings. Analysts see no signs of recovery despite global liquidity improvements.

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