Trending Memecoins to Watch This Week as Crypto Market Sees Record Highs

The memecoin market is buzzing with activity as the crypto market reaches new heights, driven by Bitcoin’s record-breaking rally above $90,000. From viral sensations like Peanut the Squirrel (PNUT) to established favorites like Dogecoin (DOGE), memecoins are capturing investor attention with massive gains and strong community support. The total market cap of the memecoin sector has crossed $125 billion at the time of writing while its 24-hour trading volume holds above $31 billion, as per data on CoinGecko. Here’s a look at the top meme coins to watch this week.

• Peanut the Squirrel (PNUT) is up 3100% since launch; whale activity signals strong demand.

• Pepe (PEPE) price is eyeing $0.00003; recent Robinhood listing sparks renewed investor interest.

• Bonk (BONK) surges 30% after token burn announcement; now Solana’s second-largest memecoin by market cap.

• Dogecoin (DOGE) reaches $0.37; analysts predict a potential rally to $0.73.

• Floki (FLOKI) gains 44% weekly gains on Coinbase roadmap addition; long-term rally predicted.

• Goatseus Maximus (GOAT) hits all-time high of $1.36; technical indicators suggest potential correction.

• Dogwifhat (WIF) price prediction anticipates a 22% rally in the short-term despite a recent whale sell-off put downward pressure on its price. 

Top memecoins today | Source: Coinmarketcap 

Discover the top trending memecoins to watch this week as the crypto market hits new highs. From PNUT's 2000% rally to Dogecoin's resurgence, explore key updates on the hottest tokens and what’s driving their growth.

PNUT/USDT price chart | Source: KuCoin

Peanut the Squirrel (PNUT) is making waves, with its price skyrocketing over 3100% since launch, including KuCoin’s major markets such as PNUT/USDT on spot trading and PNUT Perpetual/USDT on the futures market. Inspired by a viral internet squirrel, this Solana-based memecoin has quickly captured investor interest. Over the weekend, a crypto whale withdrew $7.12 million worth of PNUT from Binance, signaling confidence in the token’s potential.

PNUT’s trading volume surged to $1.7 billion, making it the fourth-best-performing cryptocurrency in the past 24 hours. As its market cap reaches $1.72 billion, analysts are eyeing further gains, fueled by strong social media momentum and retail interest.

Read more: $PNUT Crosses $1 Billion Market Cap—Is the Hype Real?

PEPE/USDT price chart | Source: KuCoin

Pepe (PEPE), one of the most popular memecoins, is gaining traction again. After a bullish breakout, the token rallied over 65% this week, hitting $0.00001896. The recent listing on Robinhood and Coinbase has amplified trading volumes, driving PEPE's market cap to $7.63 billion.

Technical indicators show strong capital inflows, with PEPE holding above key Fibonacci support levels. Analysts predict PEPE could reach $0.00003, driven by its growing community and bullish momentum. However, as with all memecoins, risk management is crucial due to potential price volatility.

BONK/USDT price chart | Source: KuCoin

Solana-based Bonk (BONK) has climbed 95% in the past week following the announcement of its ambitious “BURNmas” campaign. The Bonk DAO plans to burn 1 trillion tokens by Christmas Day, reducing the circulating supply and boosting investor sentiment.

BONK's trading volume rose 73% over the past 24 hours, with its market cap reaching $3.94 billion. The campaign has driven increased social interest, positioning BONK as the second-largest Solana memecoin, overtaking Dogwifhat (WIF) briefly before dipping to number 2 in the list. Analysts expect BONK’s price to maintain its upward trajectory as the burn event approaches.

Read more: Top 10 Dog-Themed Memecoins to Watch in 2024

DOGE/USDT price chart | Source: KuCoin

Dogecoin (DOGE) continues to hold its place as the king of memecoins. Trading at $0.37, DOGE has seen a significant resurgence, with a 26% rally over the past week. Analysts suggest the token may be poised for another bull run, with predictions of a rally to $0.73.

DOGE’s recent momentum is supported by speculation around Elon Musk’s involvement in U.S. crypto policy through D.O.G.E. (Department of Government Efficiency) and the broader market’s pro-memecoin sentiment. With its strong community and historical performance, DOGE remains a top contender for investors seeking memecoin exposure.

Read more: $DOGE Sees Nearly 75,000 New Dogecoin Wallets During BTC Bull Run Fueling 140% Price Surge

FLOKI/USDT price chart | Source: KuCoin

Floki (FLOKI) surged following its addition to Coinbase’s listing roadmap. The token, which serves as the utility currency for the Floki ecosystem, climbed from $0.000217 to $0.000239 within hours of the announcement. FLOKI’s partnership with the KICK F1 Sim Racing Team has also bolstered its visibility, enhancing its appeal to both crypto and gaming communities.

Analysts predict FLOKI could surpass the $0.0005 mark, driven by increased exchange listings and growing interest in its utility-focused ecosystem.

GOAT/USDT price chart | Source: KuCoin

Ai memecoin Goatseus Maximus (GOAT) reached a new all-time high this week, with its price peaking at $1.22. While the memecoin’s ADX and RSI indicators suggest a slight cooling off in momentum, its EMA lines continue to reflect strong bullish trends.

If GOAT maintains its current trajectory, it could see further gains. However, a potential correction to $0.76 remains possible if profit-taking intensifies.

WIF/USDT price chart | Source: KuCoin

Dogwifhat (WIF), a Solana-based memecoin, is positioned for a potential 22% rally after breaking out of a bullish descending triangle pattern. Currently trading at $3.66, WIF has experienced a price surge of over 54% in the past week. Technical indicators, including its position above the 200-day EMA and an RSI signaling upside potential, suggest further bullish momentum. Analysts predict WIF could reach $4.70 if it sustains its breakout trajectory, driven by strong trader interest and a rising open interest (OI) that surged 12% in the last 24 hours.

However, recent whale activity has injected uncertainty into WIF's price action. A significant holder sold 850,000 WIF tokens, pocketing $7.5 million in profits, which led to a 15% intraday price drop. Despite this sell-off, the whale retained 50,000 WIF, reflecting continued confidence in the token’s potential. While trading volume dipped by 55%, WIF’s long/short ratio on Binance remains bullish, with 68.4% of traders holding long positions. This combination of technical and market signals indicates that WIF could sustain its upward momentum, though traders should remain cautious of volatility.

DOG price chart | Source: Coinmarketcap

DOG, a Bitcoin-native memecoin, has seen an 75% surge this week, reaching $0.0077. The rally follows its recent Kraken futures listing, sparking speculation about further exchange listings, including Binance. Built on the Bitcoin blockchain using the Runes protocol, DOG is now the most widely held Runes token, with a market cap of $775 million at the time of writing.

DOG’s success aligns with two major crypto trends: Bitcoin’s dominance and the growing popularity of memecoins. As traders anticipate potential listings on major exchanges, DOG’s position atop the Runes leaderboard underscores its appeal. While its momentum is strong, high volatility makes cautious trading essential for investors.

Read more: What Is Runes Protocol? Bitcoin’s Latest Fungible Token Standard

Memecoins are taking the spotlight this week, with Peanut the Squirrel, Pepe, and Bonk leading the charge. While these tokens offer opportunities for significant gains, their high volatility demands careful risk management. As the crypto market surges to new highs, the memecoin sector continues to evolve, attracting both retail and institutional interest. Stay tuned for more updates on these trending tokens as the market heats up.

Read more: Solana Leads 89% New Token Launches, Bitcoin’s Path to $100K in November, and $PNUT’s Meteoric $1 Billion Rise: Nov 15