Memecoin Journal - Week 4 2025

Weekly update on all things Memecoins

January 27, 2025

TL;DR

  • DOGE is down

  • SHIB is down

  • Solana Hits ATH, Boosted by TRUMP Memecoin Surge

  • TRUMP Token Volatility Not a Concern, Says Bitwise

  • DOGE Agency Website Displays Dogecoin Logo

  • US Firms File for TRUMP, DOGE ETFs

  • Trump's Day 1: No Crypto Focus

  • BNB Chain Launches No-Code Meme Solution

Grab Your 7 Day Free Trial

You're invited to upgrade your subscription to our Premium membership with a 7 day FREE trial!

No catches. No strings attached. Just pure Memecoin alpha to get you ahead!
Upgrade now for:

Ad-Free Experience 🚫👀
Deep Memecoin Alpha 📰🔥
New Memecoin Jobs 💸📈

All for just $15/month after the trial.
Don't miss out! Get your FREE trial today 👇

Dogecoin Price

Crypto is down this week, with DOGE down 3.95% and SHIB up 9.35%:

Weekly Analysis

This weekly analysis is majorly on the top two MEME coin

Dogecoin (DOGE) experienced significant volatility this week, with its price dropping by 12% over the past 24 hours to $0.338 as of January 21.

This sharp decline follows a broader cryptocurrency market selloff sparked by a "sell-the-news" reaction to Donald Trump’s inauguration as the 45th president of the United States.

Market participants had hoped for crypto-friendly policies, but Trump’s executive orders lacked any mention of digital assets, dampening investor sentiment.

Despite the dip, Dogecoin remains a topic of interest due to a surge in whale activity. Data from Santiment revealed that wallets holding between 10 million and one billion DOGE added 590 million tokens worth $214 million during the week, suggesting strong accumulation. Analysts interpret this as a signal of confidence among large investors, even amid market uncertainty.

The price volatility was further influenced by challenges surrounding Elon Musk’s involvement with the Department of Government Efficiency (DOGE). Vivek Ramaswamy’s resignation from the initiative and legal threats against the agency have created additional uncertainty.

Although Dogecoin has no direct connection to the government body, the shared acronym and Musk’s high-profile association have linked the two in the public’s perception.

On the technical front, Dogecoin’s price is consolidating within a symmetrical triangle pattern, a formation that could lead to sharp price movements. Analysts forecast an upside breakout targeting $0.59, representing a 70% gain, while a downside breakout could see the price drop 42% to $0.20.

Speculation about a Dogecoin ETF has also generated optimism, with Bloomberg analysts suggesting an approval could come as early as April, potentially increasing institutional interest. However, broader market sentiment and DOGE-specific challenges will likely determine its near-term trajectory, with analysts viewing $0.33 and $0.95 as critical price levels.

Shiba Inu (SHIB) experienced a volatile week, with its price declining to $0.00002053 as of January 22, 2025, after hitting $0.00003284 in December 2024.

Analysts forecast further correction to $0.00001735 before a potential recovery toward $0.00007056 and $0.0001397, reflecting a bullish long-term outlook despite current bearish momentum.

Technical analysis reveals a five-wave expanding diagonal pattern followed by a corrective triangle, suggesting a drop to the 0.618 Fibonacci retracement level at $0.00001735.

Key support at $0.000020 is under pressure, with Bollinger Bands signaling reduced volatility. A break below could lead to $0.00001818 or $0.00001500, while recovery above $0.00002189 might signal a rebound, though sustained upside remains uncertain.

SHIB also faces growing competition in the memecoin market. Newly launched $TRUMP and $MELANIA tokens have drawn significant attention, with market caps of $8.4 billion and $755 million, respectively, eclipsing SHIB. Whale activity for SHIB has dropped 49% since these launches, reflecting waning institutional interest.

Broader market sentiment and competition continue to weigh on SHIB’s performance. While long-term targets remain promising, near-term action depends on reclaiming investor interest and holding key support levels. Investors should closely watch market developments and technical indicators for direction.

Financial News

Solana’s decentralized exchange (DEX) volume reached a record high on January 19, 2025, driven by the launch of the TRUMP meme coin. The coin's market cap surpassed $7.5 billion, with $11 billion in 24-hour trading volume, primarily on Solana DEX platforms like Meteora, Raydium, and Orca.

Solana’s weekly volume hit $56 billion, outpacing Ethereum and other chains. This surge in activity led to a rise in Solana’s transaction fees to $4.7 million. Solana’s price also reached an all-time high of $275, surpassing its previous record of $265, as bullish momentum continued.

According to Chainalysis, 94% of the holdings for the TRUMP and MELANIA tokens are controlled by just 40 crypto whales, each holding over $10 million worth. Smaller investors with holdings under $10 million make up a negligible portion, with only 2.1% holding between $1 million and $10 million.

Despite the concentration of wealth, the launch of the tokens has led to a surge of new crypto users, with nearly half of the buyers creating wallets on the same day of their purchase. However, blockchain data raises questions about the transparency of the token distribution.

Bitwise's Jeff Park argues that the volatility of the TRUMP token is not a major issue, as regulators have already endorsed the "gamification of markets." He views meme coins like TRUMP not just as financial instruments but as a way to gain social capital and hone technical strategies, likening trading to poker.

While some critics see the TRUMP coin launch as a potential conflict of interest, Park sees it as an opportunity for traders to sharpen their skills in volatile markets. Despite concerns, Park believes these tokens offer valuable lessons beyond financial success.

Dogecoin's price surged 9.57% following a bullish pennant breakout, with analysts predicting a potential rise to $2.77. Whale activity increased, with 588 $1M+ transactions and a large transfer of 400 million DOGE to Binance, signaling both strong interest and possible sell-off risks.

Dogecoin's market cap has risen to $55.98 billion, fueled by increasing whale transactions and positive sentiment, especially following support from Elon Musk. Despite short-term volatility, the breakout suggests continued bullish momentum if key resistance levels of $0.41 are cleared, with a target of $2.77 on the horizon.

The Official Trump memecoin (TRUMP) saw a sharp decline after President Donald Trump admitted he wasn't familiar with it. Trading at $42, down from a high of $48, the token has fallen over 43% from its peak of $73.43 on January 19. Trump’s lack of involvement, as revealed during a January 21 press conference, raised doubts about the token's future.

The memecoin, launched on January 18, initially saw a $70 billion valuation but has since faced skepticism and a market sell-off. The First Lady’s Melania Meme (MELANIA) token also experienced a significant drop, further dampening sentiment around the Trump family’s crypto ventures.

Adoption News

Dogecoin surged by over 11% following the launch of the official website for Elon Musk's Department of Government Efficiency (DOGE) on January 21. The website features the Dogecoin logo, and retail investors see the agency as a potential catalyst for the cryptocurrency's price.

The DOGE agency, aimed at reducing government spending and streamlining regulations, shares its acronym and logo with the popular memecoin. Following the launch, Dogecoin briefly surpassed $0.40, although it remains more than 48% below its all-time high of $0.73. The agency faces potential legal challenges over federal transparency violations.

California Representative Maxine Waters criticized former President Donald Trump’s TRUMP memecoin, warning it could enable corruption and national security risks. During a House Financial Services Committee meeting, Waters highlighted the coin's potential to facilitate anonymous transactions from hostile entities to Trump’s inner circle.

She condemned Republican lawmakers for excluding crypto oversight in their agenda, labeling the token a conflict of interest. Despite criticism, TRUMP coin surged over 400% in value, reaching a $14 billion market cap. Committee Chair French Hill emphasized creating regulatory clarity for digital assets, but concerns remain over the coin's implications for financial and political integrity.

Asset managers Osprey Funds and REX Shares have filed for approval with the US Securities and Exchange Commission (SEC) to launch exchange-traded funds (ETFs) targeting memecoins like Dogecoin (DOGE), Official Trump (TRUMP), and Bonk (BONK).

The filings, submitted on January 21, also include ETFs for Bitcoin (BTC), Ether (ETH), Solana (SOL), and XRP (XRP). The REX-Osprey TRUMP ETF would be the first to hold TRUMP, a memecoin launched on January 18. Since its release, TRUMP’s value briefly exceeded $80 billion, generating significant market activity and congestion on the Solana network.

Mark Cuban has proposed launching a memecoin to help reduce the U.S. debt, which stands at $36 trillion. Inspired by the viral success of Trump’s memecoin, Cuban's idea mirrors its structure but with a twist: all proceeds from the coin’s sale would go to the U.S. Treasury, with the wallet address publicly available for transparency.

While the TRUMP memecoin briefly reached a market cap of $16B, it sparked mixed reactions, including concerns about market liquidity and its speculative nature. Although Cuban's plan aims to address the debt, its actual effectiveness in solving the issue remains uncertain.

Bithumb, South Korea's second-largest crypto exchange, is launching $TRUMP, the official Trump meme coin, at a base price of 53,350 won (around $37). This comes in response to high demand, with trading starting on January 21, 2025. Despite a 30% drop in its value over the past 24 hours, $TRUMP maintains a market cap of $7.8 billion.

The coin, initially valued at over $10 billion, is now listed on multiple exchanges, including Coinbase, Binance, and Robinhood. Bithumb is the first South Korean platform to offer $TRUMP for trading.

Ecosystem News

On Trump's first day as the 47th U.S. president, no mention of cryptocurrency was made during his inaugural address, executive orders, or "America First Priorities." Despite initial hopes for crypto-related actions, such as a crypto council or a Bitcoin reserve, none were addressed.

Meanwhile, Bitcoin and Trump-related memecoins saw declines, with Bitcoin falling nearly 6% from its all-time high. Trump's agenda included significant actions on immigration and government reforms, but crypto enthusiasts were left waiting for potential executive orders related to the space, as promises regarding crypto de-banking and other actions remain unfulfilled.

Elon Musk’s Department of Government Efficiency (DOGE) is facing a lawsuit, filed by the National Security Counselors, accusing the agency of violating the Federal Advisory Committee Act (FACA) of 1972. The legal complaint claims DOGE has failed to adhere to federal transparency requirements, such as maintaining meeting minutes and allowing public attendance.

DOGE was created to streamline government operations and cut spending, with Musk and Vivek Ramaswamy at the helm. Despite these controversies, Musk's involvement in DOGE helped Dogecoin’s market cap surpass Porsche’s, fueling further interest from memecoin investors.

BNB Chain unveiled a no-code meme solution on January 20, 2025, enabling users to create meme coin projects without coding experience. This platform offers end-to-end support, making it accessible to individuals and businesses. The launch aligns with the rising popularity of meme coins like Official Trump (TRUMP) and Melania (MELANIA).

BNB Chain's new offering includes tools for project creation, analytics, and liquidity provision on PancakeSwap, positioning it as a challenger to networks like Solana and Ethereum. The platform aims to tap into the growing demand for meme coin creation.

CoinGecko has introduced a new "Made in USA" category to showcase tokens with strong ties to the United States through their founding teams or company headquarters. Announced on January 20, 2025, this category includes major tokens such as XRP, Solana, and the Official Trump meme coin, totaling a market cap of $432 billion.

However, the listing has raised concerns in the crypto community, with some notable U.S.-connected projects like Algorand and Cardano being excluded. CoinGecko has not yet clarified the selection criteria or addressed the omissions, though further updates may follow based on feedback.

Democrat Representative Gerald Connolly has urged the U.S. House Committee on Oversight and Government Reform to investigate potential conflicts of interest surrounding President Trump’s involvement in crypto projects, including World Liberty Financial (WLF) and the TRUMP memecoin.

Connolly raised concerns about foreign investments, particularly by Tron founder Justin Sun, who has invested $75 million into WLF. He argues that such financial entanglements could pose national security risks and undermine the Presidential Ethics Reform Act. Connolly insists that the Oversight Committee must act to uphold ethical standards and prevent potential conflicts of interest.

Thanks for reading our newsletter!
Like, Subscribe and Share to support our work.