This week’s memecoin market spotlighted major moves, explosive launches, and sharp corrections. Shanghai Inu (SHANG) made waves with a strategic relaunch, while Wall Street Pepe (WEPE) capitalized on its presale success to quickly gain market momentum. Meanwhile, MAD (MAD) sustained steady growth on the back of new exchange listings, and LUIGI (LUIGI) rode the controversy surrounding viral headlines before seeing its hype fade.
On the other hand, tokens like Wise Monkey (MONKY) experienced rapid volatility post-launch despite strong community backing, and Just a Chill Guy (CHILLGUY) held firm with consistent trading volumes amid a broader memecoin downturn. As trends shift, opportunities remain abundant for traders watching the right moves.
Shanghai Inu (SHANG)
Price Change (7D): 338.91% Current Price: $0.0₈1832
News: Shanghai Inu (SHANG) has garnered attention this week after its "relaunch" announcement, positioning itself as a project with significant upcoming developments. The team is encouraging early accumulation, sparking massive community-driven momentum. Notably, blockchain data confirms that Vitalik Buterin, the co-founder of Ethereum, holds SHANG tokens, including a transaction where he received 250 trillion SHANG. This association has amplified interest in the coin, driving its trading volume to $4.57M, up 180% in 24 hours.
Forecast: The price surge and trading volume reflect strong short-term interest fueled by speculation and Vitalik Buterin’s confirmed holdings. If the promised announcement delivers substantial news, such as a listing on a larger exchange or significant partnerships, SHANG could see further upside. However, current activity suggests it is in a breakout phase, driven by momentum traders. For buyers considering an entry, monitoring volume sustainability and community engagement over the next 48-72 hours will be crucial. If volume stabilizes near its current levels, it indicates strong hands accumulating rather than quick profit-taking, signaling potential for further gains.
MAD (MAD)
Price Change (7D): 25.49% Current Price: $0.00005228
News: MAD continues to maintain positive momentum, driven largely by its recent listings on Gate.io, Bitunix, and Phemex on December 11th. These listings have significantly boosted trading activity and community interest. MAD's community sentiment is overwhelmingly positive, with a score of 76% and strong social engagement. Investors are particularly optimistic about a potential listing on a "big" exchange, which is anticipated to push the price by 50-100x, making it a coin to watch in the coming weeks.
Forecast: With sustained growth and increasing exchange presence, MAD appears positioned for further upward movement. The current market cap of $52.28M suggests room for substantial growth if it secures a major listing. Positive community engagement and steady trading volumes (currently $12.94M) indicate robust demand. Short-term buyers should monitor announcements for any new partnerships or exchange updates, as these could be catalysts for another surge.
Dogecoin (DOGE)
Price Change (7D): -13.04% Current Price: $0.4023
News: Dogecoin (DOGE) has faced a correction over the past week, likely due to weak awareness around its node upgrade released two weeks ago. Despite promotional efforts on the DOGE X (Twitter) page urging holders to upgrade, the update did not gain significant traction. Notably, retail investors dominate DOGE holdings at 58.26%, while whale holdings remain at 41.74%, reflecting a community-driven market rather than institutional influence.
Forecast: The high retail dominance suggests DOGE is heavily influenced by community sentiment and meme-driven rallies. Its recent correction, while concerning, could be an opportunity for accumulation if support holds around the $0.40 mark. If awareness around the node upgrade increases and adoption follows, DOGE could regain momentum. Traders should also keep an eye on Elon Musk's mentions or macro events that historically trigger DOGE rallies.
Wise Monkey (MONKY)
Price Change (7D): -27.91% Current Price: $0.00001507
News: Wise Monkey (MONKY) launched on December 13th with massive support from the Floki community and the BNB Chain ecosystem. The token saw a meteoric rise, reaching a peak market cap of $330 million within minutes of launch while recording $122 million+ in trading volume on its first day. Over 200,000 ApeCoin holders were airdropped MONKY tokens on the BNB chain, further fueling excitement and liquidity. The launch secured MONKY's position as the #1 project on BNB Chain's "Meme Coins Innovation" leaderboard within 24 hours. Additionally, the token gained rapid listings on prominent CEXs like KuCoin, Gate.io, MEXC, and BingX, signaling strong exchange support. Binance has also committed to facilitating future airdrops for FLOKI and APE holders, further integrating MONKY into the broader ecosystem.
Forecast: MONKY’s explosive launch demonstrates the power of coordinated community backing and exchange support, but the price correction highlights its speculative nature. The project’s success hinges on maintaining high liquidity and reinforcing trust within its community. In the short term, MONKY may experience further price fluctuations as sentiment stabilizes. If the team can deliver on utility-driven milestones and maintain high trading volume, a rebound is possible. Investors should track future exchange announcements and the airdrop completion as potential catalysts for upward movement.
Just a Chill Guy (CHILLGUY)
Price Change (7D): -26.04% Current Price: $0.3243
News: Just a Chill Guy (CHILLGUY) has mirrored the broader memecoin market’s downturn this week, despite maintaining strong community activity and trading volume. With $71M in 24-hour trading volume and a market cap of $324M, CHILLGUY continues to demonstrate resilience. Its Social Score of 80 reflects active participation, with 30.9K Telegram members and 65.9K Twitter followers, maintaining solid engagement rates. On-chain data shows distributed ownership, with the largest wallet holding 6.96% of the supply, suggesting a relatively decentralized distribution among smaller holders. While the market correction has impacted price performance, the project's liquidity and social strength remain intact.
Forecast: CHILLGUY’s current downturn appears to be driven by market sentiment rather than project fundamentals. Its strong liquidity, high trading volumes, and dedicated community provide a solid foundation for recovery. As memecoin sentiment improves, CHILLGUY is well-positioned for a potential bounce, given its consistent social engagement and trading activity. In the short term, maintaining trading volume and delivering project updates will be critical for sparking renewed interest. Long-term holders may view the current dip as an accumulation opportunity, anticipating price recovery once market conditions stabilize. Monitoring CHILLGUY’s community activity and trading momentum will be key indicators of its recovery trajectory.
Luigi ($LUIGI)
Price Change (24H): -12.26% Current Price: $0.007261
News: Luigi (LUIGI) is a highly controversial meme coin that emerged following the media frenzy surrounding Luigi Mangione, the suspect in the alleged murder of UnitedHealthcare CEO Brian Thompson. Launched on December 9th, the token quickly capitalized on widespread social media debate, particularly regarding dissatisfaction with the US healthcare system. Within days, Luigi soared to a market cap of $60 million as traders piled into the hype.
The token gained additional traction after Luigi Mangione's X account was suspended, which led to widespread backlash. Elon Musk's intervention to reinstate the account fueled further speculation and trading volume. However, as the initial excitement waned, Luigi’s market cap has dropped sharply to $8 million, signaling fading momentum. While Luigi remains a breakout trend on Google and social platforms, the token's existence is purely narrative-driven, feeding off media attention surrounding the murder case.
Forecast: Luigi (LUIGI) represents a textbook case of a short-term, high-risk hype coin. Its rapid price volatility stems from its connection to a viral news story rather than any underlying fundamentals or utility. The current liquidity stands at $752K, indicating limited depth to sustain large sell-offs.
Traders looking for quick gains might still find opportunities in brief spikes, particularly as the case continues to evolve in the news cycle. However, long-term investors should exercise caution, as sustainability is virtually nonexistent. The token remains highly susceptible to rug pulls and extreme market fluctuations. Monitoring social sentiment and trading volumes over the next few days will be critical for those looking to capitalize on short-term momentum.
Wall Street Pepe (WEPE)
Price Change (24H): +0.80% Current Price: $0.0003675
News: Wall Street Pepe (WEPE), a newly launched meme coin, has quickly established itself as a standout in the market. Inspired by the iconic Pepe meme, WEPE aims to empower small investors by bridging the gap between meme culture and practical trading tools. Since its presale launch, WEPE has raised over $3.5 million, signaling strong investor interest and community support. WEPE’s total supply is capped at 200 billion tokens, with 12% allocated to passive rewards and 38% reserved for marketing.
The token’s security has been independently audited by Coinsult, addressing investor concerns around safety and legitimacy. Wall Street Pepe’s website highlights its mission to provide retail investors with tools typically reserved for crypto whales, including insights on identifying the next big meme tokens. Currently, WEPE maintains a market cap of $73.5 million and a trading volume of $766K, showcasing steady momentum.
Forecast: WEPE’s strong presale performance and its focus on retail investor empowerment set it apart from typical meme coins. The combination of meme appeal, passive rewards, and marketing efforts has created a sustainable foundation for further growth. With high liquidity ($70.2M) and a steady increase in trading volume, WEPE appears well-positioned for short-term upside. If WEPE continues to deliver on its utility-driven roadmap and expands community engagement, it has the potential to break into the next tier of meme coins. Investors should monitor updates on partnerships, marketing campaigns, and trading competitions as potential catalysts for price movement.
Closing Thoughts
This week emphasized that momentum is everything in the memecoin market. Projects like Shanghai Inu and Wall Street Pepe demonstrated how quick execution and strong narratives can ignite interest, while LUIGI showed the fleeting nature of news-driven hype.
For traders, tracking volume spikes, exchange listings, and sentiment shifts remains critical in identifying breakout opportunities. With tokens like MAD eyeing significant upside and CHILLGUY maintaining community confidence despite corrections, the stage is set for another round of surprises. As always, precision matters—trade smart, stay informed, and be ready for the next wave.