The daily market recap on May 21, 2025, delivered a mix of breakthroughs, volatility, and regulatory developments, keeping investors on their toes. With Bitcoin reaching new heights and altcoins showing varied performance, the market reflected both opportunity and uncertainty.
Memecoin Market Recap – Meme Coin Highlights
Let’s have a quick look at the meme coin market recap past 24 hours:
- $99%: Solana meme coin launched with a narrative centered on representing the “99%” striving to join the elite “1%.” This meme coin has sparked curiosity and debate across social platforms like X.
- $EVIE: It celebrates the arrival of Evie Pig, the first new core family member in the Peppa Pig franchise in 20 years, announced on Good Morning Britain and set to debut in the “Peppa Meets the Baby” special on May 30, 2025.
- $BOB: Solana meme coin inspired by Bitcoin Bob from the 2010 YouTube video “What is a Bitcoin?” where he foresaw Bitcoin’s potential, now a nostalgic piece of early crypto history.
- $GROYPER: Solana meme coin presents Groyper, one of the more smug incarnations of Pepe the Frog employed on the /r9k/ board of 4chan, adding a humorous twist to internet meme culture.
- $PBJT: Solana-based token inspired by the viral “Peanut Butter Jelly Time” meme, featuring the dancing banana and its catchy song, a nostalgic piece of early internet culture.
- $SMINEM: Solana meme coin based on the Sminem meme, a character from a viral photo of Russian teenager Roman Zuev, becoming an unofficial crypto mascot on 4chan’s /biz/ board, symbolizing market gains.
Bitcoin Hits Record High Amid Volatility
Bitcoin (BTC) surged past $107,000, setting a new all-time high for its daily closing price. This rally, however, was accompanied by significant market turbulence, with $224 million in liquidations recorded over the past 24 hours.
Regulatory and Legal Developments
- The U.S. Securities and Exchange Commission (SEC) delayed decisions on the 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust, seeking further public input. This move has fueled speculation about the future of XRP and Dogecoin ETFs.
- Uniswap ($UNI) faced a lawsuit over alleged patent infringement tied to its Automated Market Maker (AMM) model, raising concerns about potential impacts on DeFi innovation.
In summary, May 21, 2025, was a dynamic day for crypto, with Bitcoin’s rally, altcoin fluctuations, and regulatory developments driving the conversation. Investors should stay vigilant, conduct thorough research, and manage risks in this fast-paced market.
Explore meme coin trading on MevX at:
- Web: https://mevx.io/@homepage
- Telegram: https://t.me/Mevx?start=homepage
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