After a quiet stretch in early 2025, meme coins are once again showing signs of life. In 2024, meme coins often outperformed the rest of the crypto market.
Now, the market is showing signs that this trend may be coming back. So what are these signals? This article highlights the latest events and data worth noting.
Meme Coins Are Back on Top
The first sign comes from the performance of the meme coin sector, which is starting to surpass other areas of the market.
This could indicate that investors are showing renewed interest in meme coins. They may expect meme coins to deliver higher returns as the altcoin season enters a stronger phase in the second half of 2025.
Performance of Crypto Sectors. Source: CoinGecko
CoinGecko data shows that over the past month, meme coins returned 31%, outperforming all other sectors. Compared to 2024, 31% is still a modest number. Additionally, this return mostly came from standout meme coins like BONK and PENGU. The rally is not yet broad-based across the entire meme coin market.
Another early signal for a potential new meme coin cycle is Murad’s portfolio’s record value. Data from Arkham shows that his holdings have nearly reached $57 million.
Murad is widely seen by other investors as a success story in meme coin investing. His new milestone could reignite interest among others in the space.
“Murad’s portfolio has just hit a new ATH of $56.9 million. After half a year, Murad has broken his previous portfolio all-time high set in January. He hasn’t moved a single coin for over 8 months,” Arkham reported.
Murad’s Total Meme Coin Portfolio Value. Source: Arkham
As BeInCrypto previously noted, this achievement is largely due to the surge in SPX, which makes up 96% of his total holdings.
The third reason is the rising number of newly created meme tokens on Solana in July. A significant portion of this activity comes from the platform Letsbonk.fun. Data from Dune, shared by BeInCrypto, shows that 19,900 tokens were created on Letsbonk.fun on July 16—an all-time high.
As a result, the number of active addresses on Solana launchpads surpassed 260,000. That’s a 60% increase from the previous month.
Solana Launchpads Daily Active Address. Source: Dune
Additionally, events such as the launch of Pump.fun’s token have also helped attract capital back into meme coin projects.
At the time of writing, CoinMarketCap data shows the total market cap of meme coins has reached $72.3 billion. However, it still needs to grow by more than 70% to reclaim the $127 billion all-time high set in 2024.
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