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- Memecoin Journal - Week 3 2025
Memecoin Journal - Week 3 2025
Weekly update on all things Memecoins
TL;DR
DOGE is up
SHIB is up
Trump Meme Coin Spurs Solana DEX Token Surge
Memecoins Retain Dominance Despite AI Token Growth
Dogecoin ETF Expected in 2025
Shiba Inu Unveils TREAT Token
Legal Action Against Pump.fun
Soneium L2 Launch Sparks Community Debate
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Dogecoin Price
Crypto is up this week, with DOGE being up 27.99% and SHIB up 14.99%:
Weekly Analysis
Dogecoin is undergoing a correction after whales accumulated 200 million DOGE in 48 hours, a move often linked to bullish momentum. Analyst Ali Martinez sees this as a signal of market optimism. DOGE faces key resistance at $0.36, with potential to break $0.40 and target $0.45 if momentum holds.
Trading volume rose 18%, surpassing $4 billion, while Dogecoin gained 17% this week, pushing its market cap to $55.64 billion. Binance’s addition of DOGE and Litecoin (LTC) as collateral in its Fixed Rate Loan program and ChainGPT (CGPT) in VIP Loan services bolstered market interest.
Broader market dynamics, including Bitcoin’s surge past $98K and Ripple’s $2.90 high, reflect growing crypto enthusiasm. Meanwhile, Federal Reserve rate policies and stock market volatility could influence sentiment.
Binance’s delisting of certain trading pairs and whale activity highlight a pivotal moment for DOGE. Monitoring support levels and broader market trends will be crucial for traders navigating this phase.
Shiba Inu (SHIB) has jumped 12% in the last 24 hours, trading at $0.00002426 with a market cap exceeding $14.5 billion. The broader cryptocurrency market is recovering amid favorable CPI data and optimism surrounding the Ripple vs. SEC case. SHIB’s trading volume surged 81%, and open interest rose 12.6%, signaling strong trader confidence.
Technical indicators suggest potential gains if SHIB breaks key resistance at $0.000029. Analyst Javon Marks forecasts a 261% surge to $0.000081, while DeFiStrategist predicts $0.00005 by Q2 2025 and $0.0001 by year-end, driven by token burns and ecosystem developments.
Macro factors like easing inflation and a risk-on market have boosted sentiment, but Federal Reserve policy and economic uncertainty remain risks. SHIB's trajectory depends on sustained demand and favorable market conditions.
Market Outlook
The market outlook for Dogecoin and Shiba Inu remains cautiously optimistic, with both assets recently benefiting from a broader market rebound. Dogecoin has shown resilience, reaching notable price levels, while Shiba Inu has surged, aided by increased trading volume and bullish technical indicators.
However, the path forward is uncertain as both assets are susceptible to short-term volatility and broader market conditions, including Federal Reserve rate decisions and inflation trends.
While Dogecoin and Shiba Inu may continue to experience fluctuations, a long-term recovery could hinge on sustained investor confidence and the completion of key technical targets. Monitoring resistance levels and market sentiment will be crucial in determining their next moves.
is inevitable
— Elon Musk (@elonmusk)
3:53 PM • Nov 25, 2024
Financial News
The launch of the Trump meme coin on Solana has fueled sharp price surges for Solana-based DEX tokens like Raydium, Jupiter, and Orca. Raydium hit $6.95, a 5,730% rise from its 2023 low, with its market cap nearing $2 billion. Jupiter and Orca also soared, backed by record-breaking daily volumes.
The TRUMP token, valued at $3.6 billion, saw significant investments, including $117.9 million from a single transaction. While the token’s hype boosts Solana’s ecosystem, sustainability remains uncertain, as meme coins often face corrections after initial FOMO-driven spikes. Solana’s meme coin market now exceeds $22 billion in value.
While AI tokens are projected to hit a $60 billion market cap by 2025, memecoins continue to lead the crypto narrative. According to Bitget CEO Gracy Chen, memecoins have captured nearly a third of investor interest, overshadowing AI tokens, which hold the second spot.
A CoinGecko report highlights the speculative appeal of memecoins as they drive engagement and market activity. Even with AI tokens experiencing a 222% surge in late 2024, memecoins are set to undergo another growth cycle, reaffirming their dominance in the space.
Dogecoin's price is showing signs of a potential breakout, with analysts suggesting a 140% rally could push the memecoin to $1 by the end of January. DOGE has been consolidating between $0.30 and $0.45, but a recent push past $0.40 signals a possible trend reversal.
Key drivers include whale activity, with $200 million in purchases over 48 hours, and strong support from influencers like Elon Musk and renewed market interest in "dino" coins like DOGE. Analysts estimate a 60% chance of DOGE hitting the psychological $1 mark soon.
Shiba Inu (SHIB) has dropped 33% from its December peak but shows signs of a bullish reversal. The price recently formed a hammer candlestick pattern, signaling a potential rebound. Additionally, a falling wedge pattern on the chart, alongside bullish RSI divergence, suggests a breakout could lift SHIB to $0.000033—a 50% rise from current levels.
However, a decline below $0.00001853, its December low, would negate this outlook. The underperformance of Shibarium's layer-2 network and a slower burn rate have weighed on SHIB, but broader market trends, including Bitcoin's rally, could aid recovery.
FLOKI has experienced a significant decline, with over 80% of its gains wiped out in recent months. Trading just 12% above its Election Day price, the memecoin struggles to maintain investor interest, with only 6.98K addresses remaining in profit.
Despite efforts to generate hype through new listings, partnerships, and real-world use cases, FLOKI's trading volume has dropped by 31.99%. With 72% of its supply held by 10 large players who have recently pulled back, there is growing concern that 570 billion FLOKI tokens may soon face a sell-off unless these whales re-enter the market to drive momentum.
Adoption News
Coinbase announced its plan to list Peanut the Squirrel (PNUT), a memecoin on the Solana blockchain. Trading for the PNUT-USD pair is set to launch on January 14, 2025, at 9:00 AM PT, contingent on liquidity availability. Transfers for PNUT are already accessible on Coinbase, with regional restrictions applicable.
The token gained popularity in November 2024 after a viral incident involving a pet squirrel. Despite its initial surge to an all-time high of $2.47, PNUT has since dropped 79%, trading at $0.51 after the listing news.
Shiba Inu has launched the TREAT token, introducing new utility to its ecosystem by enhancing liquidity, rewards, and Metaverse functionality. Trading began on KuCoin, Bitget, and Gate.io, with prices peaking at $0.15 before stabilizing at $0.021. An airdrop celebrated the launch, rewarding early adopters with 1,250 TREAT tokens.
TREAT replaces $BONE as the ShibSwap reward token, supports $SHI stablecoin liquidity, and incentivizes Metaverse and gaming initiatives. Shiba Inu leader Shytoshi Kusama emphasized TREAT’s transformative potential, marking it as a pivotal step toward growth and decentralization.
Wintermute, a leading trading firm, predicts the launch of a Dogecoin ETF in 2025, reflecting growing institutional interest in meme coins. Meme coins experienced a 210% surge in trading volume in 2024, with their share of Wintermute’s OTC trading rising from 7.3% to 16.2%.
Nate Geraci, President of the ETF Store, and James McKay of McKay Research support this outlook, highlighting DOGE’s institutional appeal and cultural prominence. Concurrently, Floki’s team plans to launch an ETP on Switzerland’s SIX Exchange.
WikiBit has partnered with SunPump to revolutionize memecoin launches on the TRON blockchain, prioritizing transparency and fairness. SunPump, known for pioneering fair launches, ensures equal token distribution, reducing risks of insider advantages and market manipulation.
This partnership aligns with WikiBit’s commitment to accountability and innovation, enhancing user experience and fostering healthier market conditions. The collaboration aims to attract investors and memecoin enthusiasts, offering a more inclusive ecosystem.
SafeFolio Wallet and DoctorX Memecoin have partnered to redefine Web3 betting on the MultiversX ecosystem. Integrating the DoctorX Betting Platform into SafeFolio’s in-app DApp browser enables seamless, secure, and user-friendly betting experiences without leaving the wallet.
This collaboration promotes innovation by enhancing decentralized betting’s accessibility and security, fostering community growth, and expanding use cases for both platforms. Highlighting MultiversX’s potential for decentralized solutions, the partnership underscores blockchain’s ability to revolutionize traditional industries.
Ecosystem News
Burwick Law has announced plans to pursue legal action on behalf of investors impacted by the Solana-based memecoin platform Pump.fun. Alleging substantial losses due to scams and unfulfilled promises, the firm criticized the anonymous creators for exploiting users while profiting hundreds of millions in fees.
Only 0.4% of 14 million wallets interacting with Pump.fun earned over $10,000, highlighting widespread losses. Pump.fun previously faced a UK ban over scam concerns, and its livestream feature was suspended due to dangerous promotional stunts. Burwick is also investigating other cases involving alleged fraudulent NFT projects, broadening its scope of investor protection initiatives.
Sony launched Soneium, its Layer-2 blockchain built on Optimism’s OP Stack, to simplify Web3 interactions and boost NFT-driven fan engagement. Collaborations with Sony Pictures, Music, and Publishing enable exclusive NFT content access.
However, controversy arose as users accused Soneium of “rugging” funds by blacklisting contracts linked to intellectual property violations. Soneium’s director clarified the policy’s aim to protect creators’ rights, stating no funds were frozen and appeals are possible. Positioned to bridge Web2 and Web3, Soneium aims to enhance user experience and foster an inclusive blockchain ecosystem.
The Dogwifhat Las Vegas Sphere project has come under scrutiny after raising $650,000 to display the meme coin icon on the Las Vegas Sphere, yet failing to fulfill the promise. Despite surpassing the fundraising goal, the $700,000 in USDC donations remains untouched in a wallet managed by influencers, with no updates since July 2024.
Critics, particularly on X, question the project's legitimacy, with one influencer humorously blaming a blue-screen error. Dogwifhat, which launched in November 2023 on Solana, reached a $1 billion market cap within 81 days but has since lost 45% of its value.
