In the fast-moving world of cryptocurrency, few sectors are as volatile — or as headline-grabbing — as memecoins. What begins as a viral joke on social media can quickly evolve into a high-stakes trading phenomenon, especially when built on high-speed blockchains like Solana.
2024 was the year of the Solana memecoin explosion, with tokens like MOODENG, PNUT, and GOAT achieving staggering valuations in record time. But by early 2025, the party seemed to be over. Most of these coins crashed, some losing over 90% of their value, fading into obscurity as traders moved on.
Now, against all odds, a surprising revival is underway.
Several once-declared "dead" Solana memecoins are showing strong signs of life — posting double-digit gains, breaking key technical patterns, and drawing renewed attention from traders. Is this just a short-lived pump, or the start of a broader memecoin resurgence?
Let’s dive into the comeback stories of three standout performers: Moo Deng (MOODENG), Peanut the Squirrel (PNUT), and Goatseus Maximus (GOAT).
Moo Deng (MOODENG): From Baby Hippo to Market Mover
Leading this unexpected rally is Moo Deng, a Solana-based memecoin inspired by a viral Thai baby hippopotamus. In November 2024, MOODENG briefly captured global attention, with its market cap surging past $600 million — a rare feat for a memecoin.
But like many speculative assets, the hype cooled fast. By early 2025, MOODENG’s market cap had plummeted below $40 million, and its price dipped to $0.037, signaling what many assumed was the end of its run.
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That all changed in the past week.
MOODENG’s price has surged over 200%, climbing to $0.13 and breaking out of a prolonged descending triangle pattern on the daily chart. This technical formation, often signaling a potential reversal after sustained downtrends, appears to have triggered renewed buying interest.
Key indicators confirm the shift in momentum:
- The Relative Strength Index (RSI) jumped to 88.79 — well into overbought territory — suggesting strong bullish sentiment.
- The Supertrend indicator remains below the current price, indicating solid support.
- Trading volume spiked alongside the price, reinforcing the move’s legitimacy.
While the coin is now technically overbought — raising concerns of a near-term pullback — short-term targets could reach **$0.17** if support holds. A break below $0.10, however, could signal renewed selling pressure and a return to bearish conditions.
PNUT: The Squirrel That Keeps Climbing
Next up is PNUT, another animal-themed memecoin that once reached a peak market cap of nearly **$2 billion** in late 2024. After a long consolidation phase between $0.12 and $0.26 since February 2025, PNUT has roared back with an **80% weekly rally**, pushing its market value to $315 million.
What’s driving this resurgence?
A massive spike in trading volume — exceeding $800 million in recent days — has reignited investor interest. High volume during price increases is often a reliable signal of sustainable momentum, especially in memecoin markets where liquidity can be thin.
Technical analysis paints a bullish picture:
- PNUT broke above its multi-month resistance ceiling.
- The Chaikin Money Flow (CMF) has climbed to 0.20, indicating strong institutional or whale-level buying.
- The Money Flow Index (MFI) confirms increased buying pressure, reinforcing bullish bias.
If this momentum continues, PNUT could target $0.47 in the short term — nearly doubling from current levels.
Of course, memecoins remain highly sensitive to sentiment shifts. A sudden wave of profit-taking could push the price back below $0.24, especially if broader crypto markets cool down.
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GOAT: The AI-Powered Comeback Kid
Rounding out our trio is Goatseus Maximus (GOAT), a memecoin with an AI-themed twist that sets it apart from the typical animal-based projects. Despite being down 91% from its all-time high, GOAT has posted a nearly 50% gain this week, climbing to $0.12 on renewed buying activity.
The catalyst? A clean breakout from a falling wedge pattern on the 4-hour chart — a classic bullish reversal signal often seen before strong upward moves.
Additional technical confirmations include:
- The MACD line crossing into positive territory, signaling strengthening bullish momentum.
- Increased trade frequency and order book depth, suggesting growing market confidence.
If the uptrend holds, GOAT could test the upper wick resistance at $0.13 in the coming days.
However, traders should remain cautious. A spike in profit-taking could trigger a pullback toward $0.089, especially given the coin’s history of sharp corrections.
What makes GOAT particularly interesting is its narrative edge: while most memecoins rely purely on meme culture, GOAT has leaned into AI and futuristic branding — a theme that continues to resonate in tech and crypto circles.
Why Now? What’s Driving the Memecoin Revival?
Several macro and micro factors may be contributing to this unexpected rebound:
- Solana’s Resilience: SOL recently retested the $170 level, reigniting interest in its ecosystem. As the base layer strengthens, so do its native tokens — including memecoins.
- Seasonal Speculation Cycles: Historically, mid-year periods often see renewed retail activity in speculative assets.
- Improved Liquidity: DEX platforms and on-chain tools have matured, making it easier to trade low-cap tokens with less slippage.
- Social Sentiment Shifts: Platforms like X (formerly Twitter) and Telegram are buzzing again with memecoin chatter — a leading indicator of renewed interest.
Frequently Asked Questions (FAQ)
Q: Are Solana memecoins safe investments?
A: Solana memecoins are highly speculative and carry significant risk. They lack intrinsic value and are driven primarily by community sentiment and trading volume. Only invest what you can afford to lose.
Q: Why are MOODENG, PNUT, and GOAT rallying now after such big losses?
A: Technical breakouts, increased trading volume, and renewed interest in the Solana ecosystem have contributed to their rebound. Short-term trader psychology also plays a major role in memecoin price movements.
Q: Can these memecoins reach their previous all-time highs?
A: While possible in a bullish market cycle, reclaiming previous highs would require massive sustained demand and broader market support — which is uncertain given their speculative nature.
Q: How can I track these memecoins in real time?
A: Use blockchain explorers and charting platforms that support Solana tokens. Real-time data helps identify volume spikes and technical patterns early.
Q: What indicators should I watch for when trading memecoins?
A: Key indicators include RSI (for overbought/oversold levels), MACD (for momentum shifts), volume trends, and chart patterns like triangles or wedges.
While the future remains uncertain, one thing is clear: Solana memecoins are far from dead.
Tokens like MOODENG, PNUT, and GOAT have proven that even after devastating crashes, a combination of technical strength, community engagement, and market timing can fuel dramatic comebacks.
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Whether this marks the beginning of a new memecoin season or just a fleeting rally will depend on how sustained trading volume and sentiment remain in the weeks ahead. For now, all eyes are back on Solana — and on the memes that refuse to die.