The meme coin market is buzzing once again, driven by renewed enthusiasm in the wake of Bitcoin’s historic surge past $100,000. Top tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) posted impressive gains earlier in the week, only to retrace slightly as traders locked in profits. Meanwhile, controversy around the MELANIA token has once again put memecoins under the spotlight.
Meme Coins Ride Bitcoin’s Momentum
Dogecoin, Shiba Inu, and PEPE rallied sharply as Bitcoin surged past $100,000—a critical milestone that injected bullish sentiment across crypto markets. On Thursday, the three leading memecoins gained 10%, 9%, and 23%, respectively, breaking through key resistance levels. However, early Friday saw slight pullbacks, with DOGE down 2%, SHIB 1.6%, and PEPE 3.51%, likely due to profit-taking by traders.
Despite the dip, all three remain technically bullish, supported by strong RSI and MACD indicators across daily charts. Analysts note that these corrections are healthy within a broader uptrend.
MELANIA Token Controversy Returns
The meme coin scene was also jolted by new allegations surrounding the MELANIA token, which allegedly netted a group of traders nearly $100 million in profits after dumping the token at its peak. A report by Fortune reveals that large holders converted MELANIA to USDC shortly after launch.
Adding to the scrutiny, Financial Times claims that the token saw massive pre-launch accumulation, raising concerns about insider trading and manipulation. MELANIA is now down 97% from its all-time high, trading at $0.3437 on Kraken.
Fraud Concerns in the Meme Coin Ecosystem
A Solidus Labs report paints a grim picture for memecoins: 98.6% of tokens launched on Solana’s Pump.fun and 93% of Raydium liquidity pools showed signs of fraud highlighting the widespread use of pump-and-dump tactics and rug pulls in the space.
Still, despite the risks, the sector continues to attract retail traders, especially in bullish market cycles driven by macro catalysts like Bitcoin’s breakout.
Price Outlook: DOGE, SHIB, and PEPE
Dogecoin (DOGE)
- Current price: ~$0.19
- Resistance levels: $0.21465 (R1), $0.24040 (R2)
- Support: $0.16358
- Indicators: RSI at 63 and rising, MACD flashing bullish signals
Dogecoin may continue its move toward $0.21–$0.24, with strong momentum supported by technicals.
Shiba Inu (SHIB)
- Current price: ~$0.000014
- Resistance levels: $0.00001532 (R1), $0.00001688 (R2)
- Support: $0.00001215
- Indicators: RSI and MACD aligned for more gains
SHIB could climb another 10% if resistance is flipped into support.
Pepe (PEPE)
- Current price: ~$0.0000117
- Resistance levels: $0.00001206 (R1), $0.00001336
- Support: $0.00000828
- Indicators: RSI at 72, MACD bullish
PEPE remains the most bullish of the trio, with potential for a 27% rally if momentum continues.
Top 5 Meme Coins to Watch
With Bitcoin now trading above $103,000 and eyeing resistances at $106,457 and $109,588, the meme coin market could be primed for another leg up. Besides DOGE, SHIB, and PEPE, other meme coins to watch include:
- Official Trump (TRUMP)
- Bonk (BONK)
- Fartcoin (FARTCOIN)
- Pudgy Penguins (PENGU)
- FLOKI
These tokens, particularly those built on Solana and Base, may follow the lead of their more established counterparts if bullish momentum persists.
Final Thoughts
While meme coins remain among the most speculative assets in crypto, they continue to benefit from macro tailwinds and social hype. However, volatility remains high, and a Bitcoin correction could sharply reverse gains in this sector.
As always, investors are advised to do their due diligence especially as insider manipulation and fraudulent activity remain concerns in the meme coin ecosystem.
