An increase of 18.6% over the last 24 hours, exceeding its 7-day (+22.8%) and 30-day (+10.4%) gains. The rally corresponds to broader strength in cryptocurrencies (BTC at $124k ATH), but reflects specific catalysts for meme coins. Key factors:
ETF speculation – Bloomberg analysts hint at potential meme coin ETFs by 2026.
Technical breakthrough – the price has overcome key resistance levels, and the RSI (65.35) signals a bullish momentum.
Altcoin rotation – Bitcoin's dominance has dropped to 59%, which has contributed to risky movements in meme coins.
Deep dive
1. Hype surrounding meme coin ETFs (Bullish effect)
Overview: Bloomberg ETF analyst Eric Balchunas suggested that a meme coin ETF registered in the US could be launched by 2026, provided there is progress in regulating active crypto ETFs by the end of 2025. While speculative, this aligns with the growing institutional interest in meme assets.
What this means: The expectation of ETF-related liquidity is attracting speculative capital to MEME and similar assets. The low correlation of meme coins with BTC/ETH makes them attractive for diversification in risky markets.
Key focus: SEC decisions on anticipated crypto ETFs (October 2025) and applications for Dogecoin ETF.
2. Technical breakthrough (Bullish effect)
Overview: MEME has broken above its 7-day SMA ($0.00198) and 30-day SMA ($0.00187), with the MACD histogram turning positive (+0.000033752). RSI-7 (65.35) indicates the potential for further growth towards overbought conditions.
What this means: Short-term traders are ahead of the momentum, targeting Fibonacci extension levels such as $0.00255 (127.2%). However, the 200-day EMA ($0.00351) remains a resistance level.
3. Dynamics of the altcoin season (Mixed effect)
Overview: Bitcoin's dominance has fallen to 59% (from 59.98% last month), while the Altcoin Season Index has risen to 41. Although still in a 'Bitcoin Season', meme narratives are benefiting from fragmented risk appetite.
What this means: The 24-hour volume of MEME has increased to $107.8M (+19.27% compared to the average spot market), but the turnover (0.877) signals liquidity risks. Gains may reverse if BTC dominance recovers.