Pnut

Three meme coins – Moo Deng (MOODENG), Pnut (PNUT), and Goatseus Maximus (GOAT) – grabbed the spotlight in May with triple-digit gains, reaching their highest levels in months in just days.
While the momentum has since cooled slightly, investor interest remains strong. So, what exactly fueled this explosive growth?

Bitcoin’s Drop, a Market Rebound, and Risk Appetite on the Rise
In early April, crypto markets took a hit following tariff announcements from President Trump. Bitcoin (BTC) dipped below $80,000, dragging the sector down. But in that turbulence, a mild rebound began to form.
Around mid-April, meme coins like MOODENG, PNUT, and GOAT began gaining traction online, and by May 8, they experienced rapid surges – MOODENG shot up by 771%, GOAT by 257%, and PNUT by 220%.

The Binance Listing That Ignited the Rally
The turning point came on May 11, when Binance Alpha announced the listing of MOODENG and GOAT. That news instantly sparked massive buying activity from retail traders and institutional investors alike.
🗣️ Chris Duggan from ChainGPT summed it up:

"It was a mix of community hype, influencer backing, low liquidity, and Binance’s announcement that lit the fuse. Today, social media doesn’t just amplify trends – it creates them."

The Hunt for the Next Breakout
Dean Chen from Bitunix added:
"The surge in MOODENG, PNUT, and GOAT wasn’t due to one event – it was a combination of capital rotation, narratives, platform exposure, and market sentiment."
Earlier in the year, major meme coins like DOGE and WIF had already soared. This led many to turn toward smaller-cap tokens, fueling a rush toward less-known names like MOODENG and PNUT.
With Bitcoin breaking above $100K in May, risk appetite increased, and meme coins became a natural target. As prices moved, retail investors rushed in, driven by FOMO.

Meteoric Rise – But Can It Last?
By mid-May, selling pressure led to a partial pullback, but the coins soon regained ground. By the end of the month, they remained significantly higher than in early April – MOODENG up 675%, PNUT 112%, GOAT 237%.
⚠️ But Chen warned:

"These gains are emotionally driven. Many of these coins lack real utility or long-term vision. Once prices spike, insiders often cash out, sometimes triggering rug pulls."

Only the Strongest Will Survive?
Chen believes that only meme coins with real narratives, tight-knit communities, and some development effort can endure in the long term.

"After the bubble bursts, a few survivors could emerge as ‘meme blue chips’ – stable icons of the genre that attract serious capital," he said.
As crypto continues to evolve, coins like MOODENG, PNUT, and GOAT prove that profits can come from chaos – but the ride isn’t for the faint-hearted.

#memecoin , #MOODENG , #Pnut , #GOAT , #CryptoNewss

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