$PEPE, $PNUT, and $MOODENG just went crazy.
Current market activity has seen some of the best-known meme coins register significant volume jumps in reaction to speculations for a new season for meme coins from May 9th, 2025. Some of the coins that have risen significantly over three days include Pepe ($PEPE), Pnut ($PNUT), and Moo Deng ($MOODENG), while reflecting growing interest and trade volumes within the meme coins sector.
Pepe ($PEPE), one of the top Ethereum-based meme coins, has risen by 80% over three days, from a market capitalization of $3.2 billion to a market capitalization of $5.8 billion. The token has a 24-hour trade volume of $14.2 million, an indication of eager demand from investors.
Peanut the Squirrel ($PNUT), a token in Solana’s family of meme coins, has registered even bigger increases, having doubled its market capitalization from $143 million to $297 million, an increase of 100% over that time. With $17.6 million traded in volume in the last 24 hours, $PNUT’s surge attests to its popularity within Solana’s system.
Moo Deng ($MOODENG), yet another token based on Solana, has experienced its biggest percentage increase in growth, moving 285% from a market capitalization of $35.8 million to $137.9 million. That compares to a 24-hour volume of $21.6 million, showing intense market activity.
The simultaneous volume surge in these large meme coins is the question of if we are having a meme coin season within the crypto market, one characterized by speculative investment and token pumping due to FOMO in meme coins. These have previously been marked by rapid token appreciation in coins like $PEPE and $DOGE as a result of social media hype and retail interest. The question is just how sustainable it would end up being given that these meme coins are hugely volatile and subject to rapid corrections.
While increases in $PEPE, $PNUT, and $MOODENG suggest that possibly a meme coin season has arrived, investors need to exercise care. Today’s volume increases are an indicator that an attractive sector is in play, but overall market conditions determine if the rally continues.
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