- Over $1.9 million in PIPPIN was sent to exchanges within 24 hours.
- WIF gained 25%, backed by broader crypto market sentiment.
- The meme coins face selling pressure after recent rallies.
Meme coins are staging a strong comeback, riding the momentum of Bitcoin’s recent rally past $105,000.
Bitcoin briefly crossed the $105K earlier on Monday, driving bullish sentiment across the crypto market and triggering sharp price spikes in several low-cap tokens.
Among the top gainers was Pippin (PIPPIN), which rose by over 80% in the past 24 hours, while Moo Deng (MOODENG) and dogwifhat (WIF) also posted double-digit gains.
The sudden capital inflows and breakout performances suggest a renewed investor appetite for speculative meme assets, with some already testing multi-month highs.
Pippin price jumps 85.16% as trading volume spikes
Launched in November 2024, PIPPIN has a total and maximum supply of 999.94 million tokens and a fully diluted valuation (FDV) of $47.2 million.
The token saw a dramatic 85.16% surge in the last 24 hours, positioning it as one of the best-performing meme coins in the market.
Despite being a small-cap project, PIPPIN attracted strong interest from both retail and institutional traders.
According to on-chain data from Nansen, more than $1.9 million worth of PIPPIN was moved into centralised exchanges over the same 24-hour period. This inflow suggests a mix of buying enthusiasm and early profit-taking.
The token’s current price action is consolidating near $0.047, just shy of a resistance level at $0.052.
Analysts watching the 3.13% bundle buy metric, which tracks how concentrated token ownership is, noted that PIPPIN’s wide token distribution indicates healthier ownership patterns compared to other meme coins.
Source: CoinMarketCap
If upward momentum holds, the price could target $0.064. However, excessive selling could pull it down to support at $0.035.
Moo Deng gains 12.71%, nears $0.24 resistance
Moo Deng (MOODENG), launched in September 2024 with a total supply of 989.97 million tokens, has posted a 12.71% price increase over the last 24 hours.
The coin’s fully diluted valuation currently stands at $238.59 million. At the time of reporting, MOODENG is trading at $0.24, reflecting intense bullish pressure.
Source: CoinMarketCap
Market watchers expect the coin to attempt a breakout above the $0.35 mark, which could pave the way for a run towards $0.50.
These predictions are based on a significant increase in trading volume and growing demand, with some investors seeing MOODENG as an under-the-radar candidate for short-term gains.
However, the token is also at risk of a correction after hitting a four-month high.
Should sellers dominate, MOODENG may fall below $0.24, with deeper support levels seen at $0.18 and $0.12. A breach of these levels would suggest weakening momentum and could nullify the coin’s short-term bullish structure.
Dogwifhat climbs 33.19%
Dogwifhat (WIF) is one of the more established meme coins on this list.
It has a total and max supply of 998.92 million tokens, and an FDV of $1.17 billion.
WIF’s price jumped 33.19% in the last 24 hours to reach $1.17, with momentum largely tied to Bitcoin’s ongoing rally.
Source: CoinMarketCap
Traders are eyeing resistance at $1.24. A clean break above this level could trigger a move towards $1.52, especially if sentiment in Bitcoin and broader meme assets remains bullish.
But like its peers, WIF faces downside risks.
If sellers take over, the price could fall below $1.04 and test support at $0.85.
This would undermine the current bullish momentum and reflect growing caution among traders.
The next 48 hours could be key for determining whether WIF maintains its rally or succumbs to market fatigue.
