TLDR:
- Market: Krispy Kreme, Inc. ($DNUT) reached an all-time high (ATH) capitalization of $3.98 million, now at $3.1 million, with a 24-hour volume exceeding $15.0 million as of July 23, 2025.
- Narrative: In the wake of the Krispy Kreme shares ($DNUT on NASDAQ), the next meme stock on WallStreetBets.
Krispy Kreme, Inc. ($DNUT), with contract address GPbVkH7bmxuwM8vKsWVYJ4rW7ErwsNwRoBGho16Sbonk, has emerged as a hot contender in the Solana meme coin ecosystem, hitting an all-time high market cap of $3.98 million, with a current market cap of $3.1 million and a robust 24-hour trading volume of $15.0 million as of July 23, 2025. Drawing direct inspiration from Krispy Kreme’s NASDAQ-listed stock ($DNUT), which is being championed by the WallStreetBets community as the next big meme stock, this memecoin taps into the retail investor frenzy that propelled GameStop, OPEN, and Kohl’s to massive gains. With a viral Reddit post framing $DNUT as the “third piece” in a meme stock cycle, $DNUT is poised for potential explosive growth.
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The meme stock $DNUT had its genesis in the July 2025 Reddit WallStreetBets thread entitled “[DD] The Value Play Cycle Needs Its Third: Why I’m Betting on DNUT,” in which there is a passionately argued write-up in defense of the undervalued Krispy Kreme stock at $560 million in market cap despite revenue growth. The thread cites a string of meme stock blips in OPEN and Kohl’s as the antecedents and puts the spotlight on $DNUT in center stage as the retail speculation zeroes in on it for profiteering on low valuation and high short interest.
On Solana’s fast, cheap blockchain, $DNUT has seamless transactions and is the ideal target for risk-risk-accustomed investors willing to chase the potential for high rewards and great risks. Its strong trading volume reflects significant market interest, though its slight decline from the ATH underscores the volatility typical of memecoins. Those unable to resist the manic excitement in meme stocks and the strength in WallStreetBets may see $DNUT as the risky bet on a potential breakout in the crypto and stock spaces.
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