Ethereum News Today: Whitelist Scarcity Drives MoonBull's Challenge to Meme Coin Kings

Dogwifhat (WIF), the Solana-based memecoin inspired by a Shiba Inu wearing a pink knitted hat, has remained a top-10 performer in the memecoin category despite recent underperformance. As of early September 2025, WIF trades at $0.82, with a market cap of $818.75 million and a circulating supply of 999 million tokens. While it has seen a 46.57% decline from its all-time high of $4.85 reached in March 2024, it continues to maintain a strong presence within the crypto market. However, it has lagged behind other memecoins in recent weeks, with competitors like PENGU and DEGEN outperforming it by gains of 6% and 5%, respectively, over the past 24 hours.

The token’s trading volume has also seen a notable decline. Over the last 24 hours, WIF’s volume dropped by 16%, outpacing the broader crypto market’s 13% drop during the same period. This reduction in activity has led traders to closely monitor whether the token can close its performance gap with other popular memecoins while maintaining its top-10 ranking. Despite the recent dip in performance and trading activity, WIF remains a dominant presence in the meme coin space, with a 0.02% dominance rating and a ranking of 127 in terms of popularity on Coinbase.

The broader memecoin landscape is evolving, with projects such as MoonBull ($MOBU) emerging as strong contenders for the best upcoming crypto in 2025. MoonBull has launched a whitelist system that offers exclusive benefits to early participants, including access to staking rewards, secret token drops, and privileged information on the project’s roadmap. With only 5,000–10,000 spots available in its whitelist, MoonBull’s strategy is designed to create scarcity and drive demand. As of August 2025, 80% of these spots have already been claimed, creating a sense of urgency among investors seeking to secure a position before the public sale.

MoonBull distinguishes itself from traditional meme coins by integrating Ethereum-based infrastructure and Layer 2 solutions such as Arbitrum and Base. This move allows the project to achieve 10,000 transactions per second and reduce gas fees by 53% compared to Ethereum’s base layer. Additionally, MoonBull’s tokenomics allocate 30% of tokens to liquidity pools and 20% to staking rewards, offering early adopters APYs ranging from 66% to 80%. These incentives, combined with a 2% auto-burn per transaction, create a self-sustaining model that promotes long-term value retention.

Analysts suggest that MoonBull’s structured incentives and Ethereum-based scalability could make it a standout project in 2025. Unlike many memecoins that rely on viral hype without governance mechanisms or utility, MoonBull incorporates smart contracts for automated staking and cross-chain interoperability. The project has already attracted significant interest, with 50,000 applications received within 24 hours of launch and only 2,000 whitelist spots remaining as of late August 2025. Early participants could stake tokens at $0.0001, with projections indicating a potential price surge to $10 by year-end.

In contrast to MoonBull’s structured approach, traditional memecoins like Shiba Inu (SHIB) and Dogwifhat continue to rely on community-driven narratives and speculative growth. While SHIB has evolved with the launch of Shibarium, a layer-2 blockchain that supports DeFi applications, it still lacks the incentive-driven tokenomics and institutional-grade security found in projects like MoonBull. Other emerging meme coins, including Neiro (NEIRO), Osaka Protocol (OSAK), and FWOG, are also gaining traction in 2025, reflecting the broader appeal of meme coins that blend humor with utility.

As the crypto market approaches 2025, meme coins with strong community support, compelling narratives, and innovative token models are expected to dominate conversations. For investors, the key lies in identifying projects that combine viral appeal with structural advantages—like MoonBull’s Ethereum-based scalability and structured incentives. With the window for securing a whitelist spot rapidly closing, those who act early may find themselves positioned to benefit from the next wave of meme coin growth.

Source:

[1] dogwifhat Price, WIF Price, Live Charts, and Marketcap (https://www.coinbase.com/price/dogwifhat)

[2] dogwifhat Price Today, WIF to USD Live ... (https://cointelegraph.com/dogwifhat-price-index)

[3] DogWifHat (WIF) Price Today, News & Live Chart (https://www.forbes.com/digital-assets/assets/dogwifhat-wif/)

[4] 5 Viral Tokens Lined Up for Massive Growth, While MoonBull Emerges as the Best Upcoming Crypto in 2025 (https://www.mexc.com/news/5-viral-tokens-lined-up-for-massive-growth-while-moonbull-emerges-as-the-best-upcoming-crypto-in-2025/84408)

[5] MoonBull ($MOBU): The Whitelist-Driven Meme Coin 2.0 ... (https://www.bitget.com/news/detail/12560604949103)