Moo Deng (MOODENG), Pnut (PNUT), and Goatseus Maximus (GOAT) lately skilled a exceptional rally. Every coin posted triple-digit features and reached multi-month highs.
Whereas the momentum has since slowed barely, BeInCrypto consulted consultants to uncover the components behind the latest surge in meme coin exercise.
What’s Behind MOODENG, PNUT, and GOAT’s Surge?
For context, the cryptocurrency market skilled a big stoop in early April after President Trump’s tariff announcement. Bitcoin (BTC) fell beneath the $80,000 mark, resulting in substantial losses throughout the sector. Nonetheless, a slight restoration started to take form.
Meme cash like MOODENG, PNUT, and GOAT tokens began gaining momentum in mid-April. On Could 8, they skilled consecutive surges, reaching highs not seen because the starting of the yr.
MOODENG posted the strongest features, surging by 771% in lower than per week. GOAT adopted with a 257% improve. PNUT additionally noticed a 220% rise in worth.
A key second got here on Could 11 when Binance Alpha introduced the itemizing of MOODENG and GOAT. Chris Duggan, Senior Advertising and marketing Supervisor at ChainGPT, defined that this resolution “added gasoline to the fireplace.”
He highlighted that the rally resulted from a mixture of early neighborhood pleasure, traction from influencers and key opinion leaders (KOLs) on X, and low liquidity. These set the stage for a fast value surge.
“Social media doesn’t simply amplify—as of late it creates the development. Cash can go from obscurity to world consideration in a matter of hours thanks to a couple well-timed posts,” Duggan instructed BeInCrypto.
Nevertheless, he added that Binance’s involvement additional strengthened the momentum. Duggan said that such publicity can shortly flip area of interest cash into common property.
“It was retail-driven at first, however as soon as sensible cash sniffed it out, the rally intensified,” he mentioned.
Along with these components, Dean Chen, an analyst at Bitunix, outlined a number of key catalysts behind the meme coin rally.
“The surge of MOODENG, PNUT, and GOAT was not attributable to a single occasion however was the results of a mixture of capital rotation, market narratives, platform publicity, and general sentiment,” Chen mentioned.
He defined that main meme cash like Dogecoin (DOGE) and dogwifhat (WIF) had already skilled vital rallies earlier within the yr. This, in flip, led to extra conservative market expectations.
Consequently, speculative capital shifted focus to smaller-cap meme cash like MOODENG and PNUT. These meme cash grew to become key targets for funding. Chen famous that these cash appeal to whale accumulation when costs are low, and as soon as value volatility units in, it triggers FOMO amongst retail buyers.
The analyst additionally emphasised that the rise of those meme cash was intently tied to market sentiment. With Bitcoin surpassing $100,000 in Could, investor danger urge for food elevated, resulting in a shift towards high-volatility property like meme cash.
“Throughout bull market phases, meme cash usually exhibit excessive elasticity and room for hypothesis, making them common targets for concentrated capital bets,” Chen disclosed to BeInCrypto.
Whereas the preliminary rise might have been extraordinary, it was additionally fleeting. By mid-Could, elevated promoting strain had pushed the cash to shed a few of their features. However, they remained resilient, and a modest restoration adopted.
On the time of writing, MOODENG, PNUT, and GOAT’s values have been nonetheless up 675.7%, 112.2%, and 237.9%, respectively, from their early April lows.
MOODENG, PNUT, and GOAT Meme Cash Worth Efficiency. Supply: TradingView
The volatility raises issues concerning the sustainability of the meme coin rallies. Chen believes that the capital rotation to the brand new meme cash reveals robust speculative traits. He harassed that, from a short-term perspective, this wave of capital stream mirrors an emotionally pushed hype cycle.
In keeping with him, market members are usually targeted on fast earnings. Due to this fact, beneath the affect of neighborhood narratives and on-line sentiment, some low-cap tokens are pushed up by a number of multiples in a really quick time.
“Nevertheless, such hype typically lacks stable basic assist and long-term growth methods, making it vulnerable to forming bubbles. The cycle of value surges and pullbacks tends to be very quick, typically finishing a whole speculative spherical inside three to seven days,” Chen cautioned.
Furthermore, Chen famous that this short-term bubble usually reveals a number of traits. Many initiatives rely solely on viral meme content material or catchy themes, missing real-world functions or technical growth to assist them.
The groups behind these initiatives typically money out shortly as soon as costs surge, generally coordinating massive sell-offs by means of inner wallets, which results in frequent “rug pull” incidents throughout the neighborhood. Moreover, the spike in neighborhood curiosity tends to be explosive however short-lived, emphasizing the extremely speculative nature of the present cycle.
“From a long-term perspective, the meme coin house does have the potential to emerge from these high-volatility shakeouts with just a few initiatives that exhibit lasting viability,” he remarked.
Chen elaborated that the enduring meme cash usually possess extra developed narrative frameworks, robust neighborhood cohesion, and a few degree of growth and market promotion capabilities. After the bubble bursts, these surviving cash might emerge as “meme blue chips,” turning into key targets within the subsequent part of capital rotation.
He additionally emphasised that the present capital motion shouldn’t be seen merely as a bubble however as a mirrored image of a altering market choice for high-risk, high-reward property, significantly in a bullish market that favors high-volatility property. Consequently, he forecasted that this market exercise might proceed for a while.
