With Bitcoin (BTC) approaching its all-time high (ATH) level of $109,114 as it climbed to $106,814 today, a market-wide rally is seeing most crypto sectors enter a green trend.
Following a 48.23% increase in value for the meme coin space over the past 30 days, the market conditions seem to be ideal for the launch of MIND of Pepe (MIND), a project that will see its presale wrap up on May 31st having raised over $9.5 million.
Meme Coins Demonstrate Strength as Risk Appetite Returns
The performance of the meme coin sector has been impressive over the past two months, which saw the sector grow by $20 billion. While several factors are fueling this rebound, Bitcoin’s approach to a new ATH could be the main driver of the increasing investor interest in high-risk, high-reward tokens.
Historically, when Bitcoin and Ethereum (ETH) gain momentum, capital often flows into smaller, highly-volatile tokens, with the meme coin sector being home to some of the largest gainers as investors seek outsized returns.
While meme tokens benefited from the market-wide rally in late 2024, which saw the sector reach a nearly $140 billion market cap, meme coin prices tumbled as political and macroeconomic uncertainties plagued cryptocurrencies between February and April.
Valued at $46 billion on April 20th, the meme coin sector saw rapid growth over the next 30 days, with Pepe (PEPE) leading the charge among the leading meme tokens with 72.80% gains.
Over the same period, open interest in PEPE jumped from $310.54 million to $528.88 million, reflecting a significant influx of new capital and heightened trading activity.
On May 11th, which analyst Crypto Banter highlighted as the end of a 7-day period in which meme coins massively outperformed the rest of the market, PEPE’s open interest reached over $580 million.
Besides the bullish sentiment surrounding the broader market, the meme coin space has evolved since its previous cycle. Many new tokens feature NFT integrations, staking, or play-to-earn mechanics, attracting utility-driven investors to the space.
Plus, blockchains like Solana and Base are seeing a surge in on-chain activity and meme coin launches thanks to their efforts in improving scalability, which results in lower fees and faster transactions.
The shift in investor interest helped tokens like Fartcoin (FARTCOIN) achieve tremendous gains over the past two months, as their combination of memetic appeal and utility resonates with a wide audience.
Fartcoin grew by 205% since March 20th, when it was priced at $0.3957, reaching $1.21 on May 20th, and crypto expert Disaster believes the token is on a path to surge to $2.7 if buying pressure persists.
It’s not just established meme coins generating bullish forecasts, though. Many are predicting big gains for a new meme coin called MIND of Pepe as it prepares to list on exchanges in under two weeks’ time.
Is MIND of Pepe the Next Big Meme Coin Launch?
MIND of Pepe will be joining the market soon after its presale wraps up as an Ethereum-based AI meme token. Investors are already demonstrating interest in similar tokens, with Turbo (TURBO), which belongs to the same chain, growing by 161.43% over the past 30 days.
As a token that combines Pepe-inspired memetic appeal with cutting-edge AI agent technology, MIND of Pepe stands a solid chance to outperform existing AI meme tokens.
With the MIND AI agent already live and posting on X (Twitter), the token’s approaching launch will also see the release of the token-gated terminal that MIND holders will have access to.
Using the terminal will provide them with unique AI-powered market insights aimed at helping them identify tokens poised for the largest gains. Plus, holding MIND will ensure they’re the first to know when the MIND AI agent launches its own tokens.
Presale experts from Cryptonews are confident that MIND of Pepe’s unique approach to the market can help it explode by up to 100x on launch.
However, investors are left with only 10 days to add MIND of Pepe to their portfolios at a low price, as its current per-token price of $0.0037515 will only increase during the presale.