As 2024 nears its conclusion, memecoins have continued to dominate headlines with significant price movements and growing community engagement. This week, we analyzed the performances of the standout memecoins. Each token brought unique developments, from community-led initiatives and exchange listings to innovative campaigns and security challenges. While some demonstrated resilience in the volatile crypto landscape, others rode the wave of speculation to achieve substantial growth.
This roundup explores the key highlights and forecasts for these tokens, shedding light on their market positioning as we step into 2025.
STONKS (STNK)
Price Change (7D): +27.47% Current Price: $133.81
News: STONKS, launched in April 2021 as the first memecoin on Solana, has recently been revitalized following a community-led acquisition of its IP rights and developer-held tokens in November 2024. This transition granted legal authority over the “Stonks” meme, which gained prominence during the Gamestop retail trading saga. With 81% bullish sentiment and strong community involvement, the token is benefiting from its historical value and renewed interest, despite no major new developments driving the recent surge.
Forecast: STONKS’ bullish momentum is likely to continue in the short term, with a key resistance level at $140. Breaking this could lead to further gains, possibly testing $155 if trading volume remains high. However, without new utility or partnerships, a retracement to the $104 support zone remains possible, especially as oversold RSI indicators approach equilibrium.
BONK (BONK)
Price Change (7D): +7.61% Current Price: $0.00003257
News: BONK recently burned 1.69 trillion tokens (worth $51 million) during its “BURNmas” event, reducing circulating supply by 1.85%. Despite this, delayed execution and lack of price impact have sparked community criticism. BONK retains 87% bullish sentiment and remains the fourth-largest memecoin by market cap, trailing DOGE, SHIB, and PEPE. Its $2.47 billion market cap reflects continued investor interest, though sentiment is weaker compared to earlier burn events.
Forecast: BONK's current consolidation around $0.000032 indicates potential accumulation ahead of a breakout. A successful push above $0.000035 could pave the way toward $0.000038. However, lingering doubts about execution efficiency may limit immediate upside unless followed by impactful initiatives or exchange listings.
FARTCOIN (FARTCOIN)
Price Change (7D): +24.52% Current Price: $0.9795
News: FARTCOIN reached a $1 billion market cap last week, solidifying its position as one of CoinGecko’s Top 10 memecoin gainers in 2024. Despite a correction, it continues to rebound strongly and enjoys 79% bullish sentiment. Notably, the token has yet to secure listings on tier-1 exchanges, leaving room for speculation about a major breakout if this milestone is achieved.
Forecast: FARTCOIN’s price action suggests accumulation ahead of a possible rally. A tier-1 exchange listing or strategic announcement could drive the price beyond $1.20, with $1.50 as the next key target. Current support at $0.80 is solid, and strong community backing increases the likelihood of sustained upward movement.
PENGU (PENGU)
Price Change (7D): +32.21% Current Price: $0.03538
News: PENGU token has seen strong performance due to strategic listings, including Bithumb on December 24, and airdrops. The token’s $2.2B market cap positions it as a key player in the Solana meme coin space. However, its growth has coincided with rising phishing attacks targeting Pudgy Penguins NFT holders through malicious Google ads. Security experts warn of scams involving fraudulent websites mimicking Pudgy Penguins to steal wallet credentials. Despite security concerns, the Pudgy Penguins ecosystem remains vibrant, with NFTs generating $108M in revenue and contributing to Ethereum’s rising transaction volume.
Forecast: PENGU’s bullish momentum is likely to continue, with major exchange listings bolstering liquidity. A break above $0.038 could signal the next leg up to $0.042. However, ongoing phishing scams might dampen investor confidence if security measures are not effectively implemented.
Mog Coin (MOG)
Price Change (7D): +11.52% Current Price: $0.05262
News: MOG, the self-proclaimed “culture coin,” has established a strong presence in the memecoin space with its viral marketing and community-driven growth. Over the past week, its market cap has increased by $100M, driven by community hype and whale accumulation (27% of holdings). Launched in 2023 as a fair-launch token on Uniswap V2, MOG emphasizes creativity and humor in its branding, setting it apart from competitors. Its growing base of traders and cruisers supports continued engagement and market activity.
Forecast: With a steadily increasing market cap and strong whale support, MOG is poised to test $0.056 resistance. A breakout could push it toward $0.06, especially if viral campaigns gain further traction. Traders should monitor whale activity, as any significant sell-off could impact short-term prices.
Gigachad (gigachadsolana.com) (GIGA)
Price Change (7D): +56.11% Current Price: $0.07542
News: GIGA has experienced significant growth, with its market cap surging to $701.57M amid strong community sentiment (84% bullish). The recent launch of a token distribution program and teasers for upcoming merchandise have driven engagement. GIGA’s positioning as a Solana-based memecoin has attracted both retail and institutional interest.
Forecast: GIGA's rapid price increase suggests strong short-term momentum. If upcoming announcements, such as merchandise or exchange listings, materialize, GIGA could test $0.085. However, the 3.67% Vol/Mkt ratio suggests limited liquidity, making it sensitive to sell-offs.
MOO DENG (MOODENG)
Price Change (7D): +13.36% Current Price: $0.2783
News: MOO DENG surged this week following Vitalik Buterin's wildlife donation, which garnered significant attention. The memecoin, already available on major exchanges like Binance, Coinbase, and Kraken, has gained momentum as it attracts comparisons to DOGE in terms of potential. Its $275M market cap signals growing market interest, backed by strong community sentiment (83% bullish). Promotional campaigns emphasizing its ATH potential have further amplified its visibility.
Forecast: With a stable support level around $0.24, MOO DENG could target $0.30 if bullish momentum sustains. Its presence on top-tier exchanges and strong liquidity provide a foundation for growth, though short-term gains may depend on additional catalysts like partnerships or community-driven initiatives.
Forecast: With a stable support level around $0.24, MOO DENG could target $0.30 if bullish momentum sustains. Its presence on top-tier exchanges and strong liquidity provide a foundation for growth, though short-term gains may depend on additional catalysts like partnerships or community-driven initiatives.
FWOG (FWOG)
Price Change (7D): +66.68% Current Price: $0.3396
News: FWOG demonstrated impressive growth this week, climbing nearly 67% and attracting attention for its team-driven run and strong technical setup. With almost 68k holders and significant trading volume on platforms like Raydium, Kraken, and Gate.io, FWOG has established itself as a prominent Solana-based memecoin. Community sentiment remains overwhelmingly positive (86% bullish), supported by strategic market activity and its ability to capitalize on falling wedge breakout patterns.
Forecast: FWOG’s breakout above $0.33 positions it for further gains, with the next target at $0.36 if volume remains high. Its liquidity of $9.2M and active trading suggest strong investor confidence. However, any deviation from current support levels could invite consolidation around $0.31 before resuming upward momentum.
Closing Thoughts
Memecoins have been doing well, and in some cases even better, than Bitcoin this past week, despite Bitcoin's corrective mood. The strength of community sentiment, a key factor in the memecoin space, is evident in its resilience. The strong results of FWOG and GIGA indicate that investors are focusing their end-of-year strategies on tokens that have active communities and are involved in strategic developments.
The question of how these projects will continue to make progress into 2025 has taken center stage as we near the end of the year.
Security issues, such as the one encountered by PENGU, emphasize the significance of being vigilant, but the community-driven character of these tokens suggests that narrative and sentiment will continue to play a pivotal role. An important lesson for investors can be drawn from this week's results: memecoins are becoming more than just speculative assets; they are transforming into active ecosystems that are becoming more useful and engaging.