Meme Coins Surge 24%-40% on Social Media Hype and Whale Activity

In the past 48 hours, several meme-based cryptocurrencies have experienced notable price surges and increased trading volumes, driven largely by heightened social media engagement and speculative interest. Tokens such as Troll (TROLL), Dogcoin (DCOIN), Shiba Inu (SHIB), and Bonk (BONK) have all posted gains between 24% and 40%, reflecting a rekindling of short-term bullish momentum in the meme coin market [1].

Troll (TROLL) has emerged as a key performer, with a 40% price increase attributed to a sharp rise in new wallet activity and active community engagement across platforms like TikTok and social media. The project is witnessing over 50 new holders being added per hour, signaling a strong and growing retail investor base. Analysts note that this surge is largely sentiment-driven, with little to no fundamental changes underpinning the price action [1].

Dogcoin (DCOIN) has similarly captured attention, with its price experiencing a sharp technical breakout supported by rising on-chain activity and increased visibility on trading platforms. The token’s volume has reached weekly highs, largely due to the expansion of its market presence and growing adoption by retail traders. This has been facilitated by the token's listing on multiple exchanges, enhancing its liquidity and accessibility [1].

Bonk (BONK) is also showing signs of renewed interest, particularly with whale activity increasing on Solana-based decentralized exchanges. Improved liquidity levels have enhanced the token’s tradability, while on-chain metrics suggest that larger investors are strategically positioning themselves ahead of potential price appreciation. However, as is typical with meme coins, this activity remains highly sensitive to shifting sentiment and market dynamics [1].

Shiba Inu (SHIB), despite being a more established player in the meme coin space, continues to attract significant trading activity. The token has benefited from the adoption of layer-2 scaling solutions, which have reduced transaction costs and improved user experience. This, combined with sustained exchange volume, indicates ongoing participation from a wide range of traders and investors [1].

Analysts attribute the recent rally to a convergence of factors including heightened community engagement, the proliferation of trading pairs, and the recycling of liquidity within the low-cap meme coin space. While each token experiences growth through different mechanisms, the overarching theme remains one of sentiment-driven market behavior. Investors are cautioned to remain aware of the inherent volatility of the sector [1].

A separate analyst has predicted that Shiba Inu could see a 30% price rally, citing on-chain indicators such as falling wedge formations and increased whale activity. However, it should be noted that these are speculative forecasts based on technical patterns and whale behavior rather than fundamental changes in the asset’s value [1].

The meme coin market remains one of the most unpredictable segments in the broader cryptocurrency space. Despite recent gains, the sector has also experienced a 6.3% decline within a 24-hour period, underscoring the need for caution among investors. As the market continues to evolve, those participating in meme coin trading are advised to closely monitor both macroeconomic developments and on-chain activity to navigate the rapidly shifting landscape [1].

Sources:

[1] Breakout Rally: These Trending MemeCoins Gained 24%–40% as Hype-Driven Volumes Spike Sharply

https://cryptonewsland.com/breakout-rally-these-trending-memecoins-gained-24-40-as-hype-driven-volumes-spike-sharply/

[2] Analyst Predicts Shiba Inu Price Rally As Whale Transactions And Exchange Outflows Spike Time To Buy

https://coingape.com/markets/analyst-predicts-shiba-inu-price-rally-as-whale-transactions-and-exchange-outflows-spike-time-to-buy/

[3] Best Meme Coins To Buy Now As Low Market Cap Tokens Outpace Dogecoin

https://cryptodnes.bg/en/tag/bitcoin-hyper/