Meme Coins Surge 50%+ on US-UK Trade Deal

The crypto market experienced a significant rally today following the announcement of a trade deal between the United States and the United Kingdom. This bullish sentiment extended to the meme coin sector, with several coins showing substantial gains.

Among the top performers were Peanut The Squirrel (PNUT) and Pepe (PEPE), both of which saw their prices surge by over 50%. PNUT, launched in November 2024, reached a two-month high, trading at $0.279. The meme coin is currently facing critical support at $0.260, which is crucial for maintaining its recent gains and setting the stage for further growth. To continue its upward momentum, PNUT needs to hold this support level and push towards $0.330. Breaching this resistance would confirm the current rally and attract more investment, signaling a potential sustained uptrend. However, if PNUT fails to secure the $0.260 support, it could see a significant decline, potentially falling to $0.219 or lower to $0.182, invalidating the current bullish outlook.

PEPE, launched in April 2023, saw its price surge by 61% in the last 24 hours, pushing it above the $0.00001000 mark and currently trading at $0.00001331. This rapid increase has sparked investor interest, with PEPE now targeting the next resistance level at $0.00001369. Successfully breaching this level would pave the way for a move towards $0.00001489 and possibly $0.00001500. However, to maintain the uptrend, PEPE will need to avoid significant selling pressure from investors, which could prevent a sustainable rally. If PEPE fails to break through $0.00001369, the coin could experience a pullback, potentially falling below $0.00001000, heading toward $0.00000951. Such a move would invalidate the current bullish outlook and signal potential weakness.

Another meme coin, Fartboy (FARTBOY), launched in January 2025, is attempting a recovery, posting a 52% rally today to reach $0.037. This price increase is part of its effort to recover losses from late March and early April. The meme coin’s positive momentum is gaining attention, as it moves towards stabilizing after a rough patch. Bullish signals are evident for FARTBOY, supported by data showing 1.28 million FARTBOY worth $47,590 bought off exchanges. These metrics suggest growing demand and increased market interest in FARTBOY. If the momentum continues, FARTBOY could reach $0.051, securing its recent gains and solidifying its recovery. However, failure to hold the $0.037 support level could result in a decline to $0.030. A drop to this level would invalidate the bullish outlook, possibly pushing the coin into further losses.

However, there are areas of concern for FARTBOY. Data shows that 37.97% of the supply was distributed via airdrops, which in the case of meme coins, developers generally airdrop small amounts of supply to numerous addresses, to show fake distribution of supply. Additionally, 44.27% of tokens were bought in “bundled” transactions, indicating a concentration of ownership or possible sybil manipulation, where a single entity uses multiple wallets to simulate activity or gain control. In some cases, bundled buys indicate potential pump-and-dump setups, orchestrated by insiders or whales.