Meme coins to watch today include ZEREBRO, FARTCOIN, and LOFI, each showing high volatility and unique catalysts. ZEREBRO has dropped more than 22% this week, shaken by controversies surrounding developer Jeffy Yu and a significant token dump worth $1.27 million.
FARTCOIN, once a standout performer, is now sharply correcting and trying to maintain its market capitalization of $1 billion. Meanwhile, LOFI is rapidly rising with a daily gain of 13% and a 321% increase over the last 30 days, quickly climbing the ranks in the SUI meme coin ecosystem.
Zerebro (ZEREBRO)
Launch date – November 2024
Total circulating supply – 999.95 million ZEREBRO
Maximum supply – 1 billion ZEREBRO
Fully diluted valuation (FDV) – $36.53 million
Zerebro has fallen nearly 22.5% in the last seven days, driven by intense controversies surrounding its developer, Jeffy Yu. According to Lookonchain data published on X, the situation began on May 4 with the launch of a token called $LLJEFFY, accompanied by a Mirror article from Jeffy referencing it.
Days later, an obituary for Jeffy Yu appeared on Legacy.com, and his personal account on X and the official Zerebro account on X were deleted. The situation escalated until Daniele Sesta publicly stated that Jeffy was still alive, providing evidence. Later, Jeffy confirmed that he staged a fake death video as a way to 'disappear forever' due to ongoing harassment and online hate.
Adding fuel to the fire, a wallet likely associated with Jeffy Yu sold 35.55 million $ZEREBRO worth approximately $1.27 million just 11 hours ago. Technically, ZEREBRO is on the verge of forming a bearish 'death cross' as its EMA lines approach a downward crossing. If this bearish structure confirms, the token could decline to test support at $0.025, and a breakout below this level could lead to further declines to $0.0189.
Conversely, if buyers intervene and change the trend, ZEREBRO may initially retest resistance at $0.041.
A breakout there could pave the way to $0.054 and potentially to $0.066, but market sentiment remains fragile amid surrounding drama, making it one of the most relevant meme coins to watch today.
Fartcoin (FARTCOIN)
Launch date – October 2024
Total circulating supply – 999.99 million FARTCOIN
Maximum supply – 1 billion FARTCOIN
Fully diluted valuation (FDV) – $998.58 million
FARTCOIN, one of the most talked-about meme coins in recent months, is finally showing signs of a pullback after having defied the overall market trends several times.
The token has decreased by almost 11% in the last seven days, including an 8% drop in the last 24 hours.
After recently achieving a market capitalization of $1.1 billion, FARTCOIN is hovering around the critical mark of $1 billion — losing and regaining it several times over the last few hours. Technically, if the current correction deepens, FARTCOIN may fall to test the support level at $0.944. A breakout below this level could open further declines to $0.797 or even $0.717.
On the other hand, a strong rebound and renewed buying interest could bring the token back to $1.06.
If this resistance is overcome, FARTCOIN could target $1.20 and potentially $1.28, restoring the bullish narrative that has driven its growth so far.
LOFI
Launch date – December 2024
Total circulating supply – 1 billion LOFI
Maximum supply – 1 billion LOFI
Fully diluted valuation (FDV) – $33.06 million
LOFI is currently the third largest meme coin in the SUI ecosystem, with a market capitalization of $33 million and a 13% increase over the last 24 hours.
It's important to note that it has risen an impressive 321% in the last 30 days, reflecting strong momentum as the SUI meme coin space gains traction. Given that leading positions in the ecosystem are still open, LOFI is actively seeking to take a leading role.
Technically, if LOFI's upward trend continues, it could reach resistance at $0.042, and a successful breakout there could lift it further to $0.0546.
However, if the rally loses momentum, the first key support level is at $0.025. A breakout below this level could trigger a deeper correction to $0.0228.