After weeks of market beat-down, Ethereum meme coins are making an explosive comeback. The meme coin market is now up over 50% from this time last month, bringing it to a market cap of $71.5 billion—a level not seen since February.
The jump has been broad-based, but Ethereum meme coins are clearly in the driver’s seat. Pepe ($PEPE) is out front with a 66% weekly gain, followed by Shiba Inu ($SHIB) with an 25% gain and Dogecoin ($DOGE) with a 34% gain. Emerging Ethereum meme coin MIND of Pepe is also benefiting from the new market momentum, as its presale has now hit the $9 million mark.
Volume Surges as Traders Pour into Meme Coin Opportunity
It’s not just prices that are up—volume has been rocketing higher as well. Across the meme coin sector, more than $20 billion worth of tokens have traded hands over the past days. Pepe’s volume is up nearly 350% to $4 billion, making it the most heavily traded coin in the sector.
The increased volume is a strong signal that this is more than just traders looking to make a quick buck on positive macroeconomic news. Across the meme coin sector, investors are flooding the zone to buy into high-momentum tokens and get ready for a major move higher.
The potential upside is significant if meme coins can make a push back to December highs. Even after today’s gains, $PEPE is still down 56% from its all-time high of $0.00002825 set on December 9. $SHIB is down 45% from its December peak.
In fact, it seems as if investors had just been waiting for the momentum to get started before rushing in. Meme coin prices were highly oversold by late April according to technical indicators like relative strength index (RSI), so there was a clear buying opportunity for anyone who believes in the long-term staying power of these coins.
The proximal catalyst appears to have been Trump’s trade deal with the UK, which was announced on Thursday and creates a template for ratcheting down trade war tensions. The US stock market rallied on the news and triggered a risk-on shift, which encouraged investment in the crypto market generally and in the meme coin sector especially.
Meme Coin Momentum Spreads to ICO Market as MIND of Pepe Raises $9M
The flood of money pouring into the meme coin sector hasn’t been limited to established large-cap tokens. It has also sent small-cap meme coin prices rocketing and led to renewed excitement over new meme coin ICOs.
One of the biggest winners of this vibe shift is MIND of Pepe ($MIND), a new Pepe-themed meme coin and AI agent token built on Ethereum. It’s seen a surge of investment in the past few days, propelling the $MIND token presale to over $9 million in fundraising.
The project has landed on many investors’ radars because of its plan to build the first fully self-sovereign AI agent for the meme coin market. The new MIND of Pepe agent will be able to interact extensively with the meme coin trading community through its own X account.
In the background, it will hoover up data about trader sentiment, new meme coins, and more, and leverage its analytical power to develop insights about what tokens could explode next. $MIND token holders will have exclusive access to MIND of Pepe’s trading signals, giving them a major leg up—especially in this newly bullish market environment.
MIND of Pepe will also have its own crypto wallet, giving it the ability to launch its own viral meme coins based on what the market is most excited to see. $MIND token holders will also have an opportunity to buy these new AI-created meme coins before they launch, so they could be first in line to grab the next 100x token.
The MIND of Pepe presale is set to end in just three weeks—impeccable timing that enables it to capture more investment as meme coin momentum surges and then launch in a very bullish market. Until the launch, investors can grab $MIND tokens at a fixed price of $0.0037515 and stake their tokens to earn up to 254% APY.
Follow MIND of Pepe on X and Telegram to get all the latest details about the launch.