New Meme Coins Surge Amid Bitcoin Slowdown

As Bitcoin’s short-term momentum appears to cool, traders are turning their attention to the meme coin market, where outsized gains continue to capture investor interest. Despite missing explosive rallies like Moo Deng’s 125% jump or GOAT’s 55% rise, analysts suggest there’s still significant upside in several meme tokens that are gaining traction.

Among the top contenders is PENGU, the official token of the Pudgy Penguins NFT collection on Solana. With a supply cap of 88.88 billion tokens and ties to a popular toy line, PENGU has staged a 160% recovery from its lows. A bullish EMA crossover is emerging on the charts, fueling optimism for further growth.

Popcat, another Solana-based coin inspired by the viral “Oatmeal” cat meme, previously stunned the market with a 10,400% rally in 2023. After months of decline, Popcat has rebounded strongly since April and recently formed a Golden Cross—often viewed as a bullish technical signal. However, resistance at the $0.50 level has some analysts warning of a possible bull trap.

Meanwhile, WIF, a meme coin themed around a dog in a hat, has also bounced back sharply—up 140% from its recent bottom. Despite still being 75% below its all-time high, WIF remains a top 10 meme coin by market cap, with traders eyeing a potential bullish reversal pattern taking shape.

Another notable gainer is BRETT, a token built on Coinbase’s Base chain and inspired by a character from the Boys Club comic. With a 200% gain from its lows and a market cap nearing $600 million, BRETT is gaining popularity as the Base ecosystem expands. Traders see it as a potential undervalued gem if the chain’s adoption continues to grow.

While Bitcoin continues to dominate the crypto landscape, its slower pace has opened the door for riskier but more explosive plays in the meme coin space. With retail interest heating up, analysts like Lark Davis suggest that the next breakout winner could come from these unconventional corners of the market.