news1h ago

$Pengu, $Doge Lead Memecoin Surge As $Trump Declines

Pudgy Penguins ($PENGU) and Dogecoin ($DOGE) posted gains of 13% and 9% respectively over the past week, leading a broad memecoin rally, while $TRUMP continued its steady slide and Memecore's $M token dropped 25%.

PENGU and DOGE Lead the Pack

The memecoin sector has found fresh momentum over the past week, with several tokens posting meaningful gains as broader crypto market sentiment improves. The memecoin space is gaining traction again as the broader market turns bullish, with $DOGE, $SHIB, and $PENGU flashing bullish setups.

Pudgy Penguins ($PENGU) has been one of the standout performers, recording a 13.03% gain over the seven-day period. $PENGU has already broken above resistance and is holding that level, confirming a shift into a bullish structure. Dogecoin ($DOGE) also delivered, adding 9.48% over the same window. Pudgy Penguins rose sharply in recent sessions with trading volume climbing 16% to $242.83 million and open interest rising 13% to $81.18 million.

$SHIB and $PEPE have also been part of the broader uptick, rounding out a week where several established meme tokens attracted renewed retail interest.

$TRUMP Slides Despite High-Profile Gala

Not all memecoins have shared in the rally. $TRUMP has declined roughly 16% over the past seven days, even as its market cap holds above $500 million. Donald Trump's renewed pledge to support the US crypto industry fell short of rekindling appetite for his own memecoin, with $TRUMP falling 14% on the day he addressed some of the token's biggest holders.

Trump used the Mar-a-Lago event to reiterate his support for legislative efforts like the Clarity Act, but pointedly avoided any mention of the $TRUMP token itself. The memecoin extended its year-to-date losses to nearly 47% and has now collapsed more than 90% from its post-inauguration peak.

The $TRUMP memecoin remains tethered to speculative hype rather than utility, leaving it highly vulnerable to the "sell-the-news" sentiment that has gripped the asset since its early-2025 launch. Its market capitalisation currently sits at approximately $556 million.

Also on the losing side is Memecore's $M token, which has dropped 25% over the same seven-day period, making it one of the week's sharper underperformers in the memecoin space.

The divergence between winners and losers underscores a familiar pattern in memecoin markets: sentiment can shift quickly, and tokens tied to fading narratives or event-driven hype tend to suffer when the catalyst passes. The broader crypto landscape is undergoing a fundamental pivot, with the focus shifting from viral tokens toward tangible market-structure legislation.

Sources:
CoinPedia – Memecoin News: DOGE, SHIB & PENGU Rally Analysis
Bloomberg – Trump's Crypto Pep Talk Can't Stop His Memecoin's Deep Slide
Investing.com – Trump's Crypto Outreach Fails to Revive His Flagging Memecoin

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Author

UC Hope

UC holds a bachelor’s degree in Physics and has been a crypto researcher since 2020. UC was a professional writer before entering the cryptocurrency industry, but was drawn to blockchain technology by its high potential. UC has written for the likes of Cryptopolitan, as well as BSCN. He has a wide area of expertise, covering centralized and decentralized finance, as well as altcoins.