Meme coin season started in April with the rise of ArbDoge and PepeCoin and spurred the development of a wide range of new tokens. Now, as many of these new meme coins launch, demand for them is stronger than ever before.
Let’s take a closer look at 5 red-hot meme coins that could explode this week.
Wall Street Memes Raises $1.25m within 4 Days of Presale Launch
Wall Street Memes is a brand-new meme coin that’s taking the crypto market by storm. The project has raised more than $1.25 million within only four days of launching its presale.
The enormous success of Wall Street Memes is fueled in part by its appeal to the Reddit r/WallStreetBets community. This group has a combined 400,000 social media followers and has spent years making fun of Wall Street’s greed and recklessness.
Traders also have a lot of trust in the veteran development team behind Wall Street Memes. The same project team launched the Wall St Bulls NFT collection in 2021, which sold out in just over 30 minutes.
Wall Street Memes is entirely community-driven, with no $WSM tokens allocated to the project development team. The presale is open to anyone and is offering half of the 2 billion $WSM token supply for sale.
The presale has already sold out its first two stages, but investors can buy $WSM at a low price $0.0256. The project plans to list at $0.0337, so investors today stand to reap paper gains of more than 30%.
Presale investors can also enter for a chance to win a $WSM airdrop. Five lucky investors will win, each scoring $10,000 worth of $WSM ahead of the project’s ICO.
AiDoge Sells Out $14.9m Presale, Announces ICO on June 19
AiDoge just wrapped up one of the most successful meme coin presales of 2023. The project raised $14.9 million in just over one month, reaching its presale hard cap well ahead of schedule.
Now, AiDoge is preparing to launch. The project team just announced June 19 as its ICO date, although investors are still waiting to find out which major exchange the project’s $AI token will appear on first.
Analysts are very bullish on $AI, and at least one has suggested that AiDoge could be the next token to 100x after launch.
The project’s appeal comes from its unique combination of memes and artificial intelligence. AiDoge is developing a generative AI algorithm that can produce memes from a user’s description in seconds. Users don’t need any graphic design skills to create the next viral meme.
Even better, AiDoge enables creators to mint their new memes as NFTs with just a few clicks.
The project’s $AI token is required to create memes with the algorithm. Users who stake $AI earn daily meme generation credits. This system encourages users to hold onto $AI for the long term, enhancing the value of the token.
Although the $AI presale is sold out, investors can still buy $AI at the token’s list price ahead of the launch.
$SPONGE Explodes 3,000% After Launch, New Run Incoming?
$SPONGE launched right on the heels of PepeCoin and exploded an astounding 3,000% in its first few days of trading. The token’s success was especially impressive considering it held no presale and didn’t have a large launch campaign to build hype.
$SPONGE has since fallen back to earth and is now priced at $0.00029. However, traders shouldn’t be fooled into thinking that this token is over and done. $SPONGE is showing signs that it could be preparing for another surge.
Trading volume in $SPONGE remains around $1.75 million according to CoinMarketCap. It’s currently available on exchanges like CoinW, Bitget, LBank, Gate.io, and MEXC. But it could still list on Tier 1 exchanges like OKX or Binance, which would likely send the token’s price soaring.
The project also has a massive social media following. $SPONGE has accumulated more than 42,000 followers on Twitter. An ongoing airdrop is creating buzz in the community and could lead to a significant uptick in trading around the $SPONGE.
Stage 2 of the project’s roadmap calls for reaching a $100 million market cap. If the project can accomplish that, it would yield a nearly 14x gain from today’s $SPONGE price.
SamoyedCoin Jumps 57%, Another Pump in the Works
SamoyedCoin is an old meme coin that’s finding new life this meme season.
The token originally launched in 2021 and has been quiet for most of the past two years. However, in the past few weeks, SamoyedCoin saw a massive 450% gain. Over the past week alone, $SAMO has jumped 57%.
The pump was driven in large part by a Chinese state television broadcast, which featured the SamoyedCoin NFT collection and displayed a QR code for the SamoyedCoin project website. Trading volume in $SAMO spiked to more than $110 million after the broadcast, according to CoinMarketCap.
$SAMO has slid since its pump, but the price action was enough to generate renewed interest in this token. As one of the most successful meme coins on the Solana blockchain, it could see another rapid climb as traders look for hidden opportunities in the meme coin market.
Akita Inu Gains 15% This Week, Bullish Momentum Set to Continue
Akita Inu is another popular meme coin from 2021 that’s trending once again. The project is up 15% over the past week on trading volume of nearly $500,000, according to CoinMarketCap.
The low trading volume relative to other meme coins can be beneficial for traders. The price of $AKITA could be more volatile and more responsive to buying action, creating opportunities for miniature pumps.
$AKITA shares much of its tokenomics with Shiba Inu, the popular Ethereum-based ‘Doge Killer’ coin. Half of the token’s supply was given to Ethereum founder Vitalik Buterin at the project’s launch, effectively removing them from the supply.
In addition, Akita Inu has a very committed community that is determined to send $AKITA to the moon. This community of long-term holders provides strong support for any bullish movement and has played an important role in the token’s recent momentum.