Viral meme coins that captured the imagination of crypto enthusiasts last year are making a surprising comeback. As of May 2025, digital assets such as Moo Deng, GOAT, and Peanut the Squirrel are witnessing significant gains, riding the wave of a broader market resurgence led by heavyweights like Solana and Ethereum. This unexpected revival has caught the attention of both investors and analysts, sparking debates over the sustainability of such trends.
Resurgence of the Underdogs
In a twist of fate, these once-dismissed tokens are now basking in the limelight. The bullish momentum seen in major cryptocurrencies is trickling down to these niche assets, fueling their price surges. According to crypto analyst Jamie Wu, “It’s a classic case of market sentiment turning on a dime. As the big players like Solana and Ethereum gain traction, they’re pulling up these smaller coins in their wake. It’s a phenomenon that speaks volumes about the interconnectedness of the crypto ecosystem.” This is further evidenced by the recent surge in Solana futures open interest, suggesting that market confidence in Solana’s potential is reaching new heights.
Moo Deng, a token that initially gained notoriety for its bovine-themed humor, has seen its value double in recent weeks. GOAT and Peanut the Squirrel, with their own quirky appeals, aren’t far behind. These coins are benefiting from renewed interest and speculative trading, raising questions about whether this trend is a fleeting frenzy or a sign of deeper market shifts.
The Power of Platforms
The resurgence of these meme coins is not occurring in a vacuum. Underpinning this revival is the robust performance of platforms like Solana and Ethereum. Solana’s impressive scalability and Ethereum’s continued dominance in decentralized finance (DeFi) are driving factors that can’t be ignored. “Ethereum’s recent upgrades have made it more efficient and attractive to developers,” explains blockchain strategist Lisa Tran. “This, in turn, is creating a fertile ground for smaller tokens to thrive.” For more on Ethereum’s future, see Vitalik Buterin’s vision for Ethereum: Pectra, Glamsterdam and beyond.
Moreover, Solana’s rapid transaction speeds and lower fees have made it a darling among developers and users alike. These platforms are the backbone of an expanding crypto universe, where even the most whimsical tokens can find a foothold.
A Brief History of Meme Coins
Rewind to 2024, and the meme coin mania was at its peak, with investors pouring capital into these humorous yet volatile assets. The market was rife with speculation, driven by social media hype and a sense of community among retail investors. However, as market conditions shifted, many of these coins suffered devastating declines, leaving only a few with lasting value.
Yet, here we are in 2025, witnessing a renaissance of sorts. This revival is not just a testament to the enduring appeal of meme culture but also highlights the unpredictability of the crypto market. As analyst Eric Ng notes, “Meme coins are like the wildcards of the crypto world. They defy traditional valuation metrics and thrive on community engagement and viral trends.”
Looking Ahead
So, what does this all mean for the future of crypto? The resurgence of these meme coins suggests a market that’s becoming increasingly diverse and inclusive. It underscores the importance of market sentiment and the role of community-driven projects in shaping the digital landscape. However, it’s crucial to approach these investments with a degree of caution, given their inherent volatility.
Will these meme coins maintain their newfound momentum, or is this just another chapter in the rollercoaster ride of cryptocurrency? As we move forward, investors would do well to keep a close eye on the broader market trends and technological developments that could further influence the trajectory of these digital assets.
The world of cryptocurrency never ceases to surprise, and as 2025 unfolds, it’s clear that even the most unexpected players can find their moment in the sun—albeit with a bit of humor and a dash of skepticism.
Source
This article is based on: Last Year’s Viral Meme Coins Are Back From the Dead as Solana and Ethereum Gain
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
