It’s been a strong week for memecoins. After a long stretch of mixed signals and fading hype, some familiar names have made surprising comebacks – while others are seeing fresh interest for the first time in months.
The overall market got a boost from Bitcoin pushing well past $100,000 again, and Ethereum’s rally after the successful Pectra upgrade helped too. But not every coin benefited the same way. Some memecoins saw gains far above the market average. Here’s a closer look at the ones that stood out.
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PEPE’s Comeback
Pepecoin has gained over 50% this week. That’s a big move in any market, and in this case, it adds around $2 billion to its market cap. The rally seems tied to Ethereum’s strength – PEPE runs on Ethereum, and whenever ETH does well, some of that momentum often spills into tokens built on top of it.
Still, even with the price surge, PEPE remains more than 50% below its peak – and there’s no strong sign yet that this is a full recovery, not a brief spike.
Dogwifhat Shows Signs of Life Again
Dogwifhat (WIF) has climbed around 45% this week, crossing back above $0.85. This comes after a quiet few weeks after the Las Vegas Sphere campaign fell apart.
WIF runs on the Solana network, which has seen a lot of renewed activity recently – especially when it comes to memecoins. Solana itself gained 15% this week and 50% over the past month. That kind of move often spills over into related projects.
Still, WIF is trading well below its peaks from last year, when it went above $4 multiple times. But this week’s move shows the interest isn’t completely gone – even if the hype has cooled down.
Mog Coin Nearly Doubles
Mog Coin (MOG) had the biggest move among major memecoins, rising almost 90% in just one week. That follows a strong run last month too, during which it nearly tripled. Similar to PEPE, it may have benefited from Ethereum’s successful Pectra upgrade.
We cover all the changes that Pectra brought in detail in this article.
MOG is still far from its late-2024 high, when it traded nearly four times higher than its current level. But it’s now recovered from its yearly low and is gaining attention again.
PNUT – No Longer Forgotten?
Peanut the squirrel (PNUT) was mostly written off after it lost nearly all of its value since setting a high above $2 in November. The coin was originally launched as a tribute to a squirrel euthanised during rabies testing – a story that captured attention online.
But the hype faded quickly. For months, the token went quiet. But this week, PNUT surged nearly 90%, reaching $0.34 – the first real upward move in a long time.
Like WIF, PNUT is based on Solana. That’s likely helped bring some interest back, as memecoin activity on Solana has increased over the last few weeks. Whether this is a real comeback or just a short burst remains to be seen – but it’s the biggest move PNUT has made this year.
Short-Term Hype?
It’s too early to say whether these memecoins are truly coming back, or if this week’s gains will be forgotten just as quickly as they appeared. None of the coins mentioned have returned to their previous highs, and most are still trading far below them. But they’re no longer sitting still.
Bitcoin and Ethereum both posted strong gains, and Solana’s recent strength may keep pushing attention toward its memecoin scene. If that continues, it’s possible we’ll see more movement.
But with memecoins, nothing is guaranteed. However, for now the charts are green – and people are watching again.
Read also: Lessons from Donald Trump Memecoin’s Rise and Fall
