Meme Coins Surge Again as MELANIA Token Sparks Controversy and Massive Profits

Meme coins surge as Bitcoin tops $100K. MELANIA token controversy unfolds amid gains in Dogecoin, Shiba Inu, and PEPE. Find out what’s next for meme coins.

May 9, 2025 - 16:27
Meme Coins Surge Again as MELANIA Token Sparks Controversy and Massive Profits
Meme Coins Surge Again as MELANIA Token Sparks Controversy and Massive Profits

Meme coins are once again making waves in the crypto world, with the controversial MELANIA token grabbing headlines following explosive profits reported by a group of early investors. According to a Fortune article, traders who snapped up millions of dollars' worth of MELANIA quickly flipped their holdings for nearly $100 million in profits, just as the coin peaked.

Meme Coins Rally as Bitcoin Crosses $100K

The broader meme coin market also surged alongside Bitcoin (BTC), which finally broke through the $100,000 barrier—a key psychological resistance. Popular tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) posted impressive gains, jumping 10%, 9%, and 23%, respectively, on the day Bitcoin soared past its milestone. However, early Friday trading saw a pullback, with DOGE, SHIB, and PEPE dipping 2%, 1.6%, and 3.5%, respectively, due to short-term profit-taking.

Bitcoin Bull Run Ignites Meme Coin Momentum

Bitcoin’s rally to $103,268 was fueled by renewed optimism in global markets, stemming from U.S. trade announcements, easing of tariff tensions, and the Federal Reserve’s decision to hold interest rates steady. Technical indicators like the MACD are showing bullish momentum, with green histogram bars forming above the neutral line.

As Bitcoin aims for its next targets at $106,457 and $109,588, market analysts are eyeing meme coins for potential 10x or even 100x returns during this bull cycle.

MELANIA Token Scandal: Allegations of Insider Dumping

Meanwhile, the MELANIA token, reportedly inspired by the former First Lady of the United States, is under fire. Allegations have surfaced claiming that a small group of traders offloaded millions of dollars’ worth of MELANIA at its peak. A Financial Times investigation revealed that several wallets purchased large amounts of the token just minutes before its public release, raising serious concerns about insider trading.

Further scrutiny shows that the majority of the MELANIA token was swapped for USD Coin (USDC), a dollar-pegged stablecoin. MELANIA has since plummeted 97% from its all-time high, now trading at $0.3437 on Kraken.

Price Predictions: Dogecoin, Shiba Inu, and Pepe

Dogecoin (DOGE) Forecast

Dogecoin is showing signs of continued upward momentum. Technical indicators suggest a potential 12% rally, with DOGE eyeing resistance levels at $0.21465 (R1) and $0.24040 (R2). Support is currently holding at $0.16358. With RSI reading 63 and sloping upward, and MACD in bullish territory, Dogecoin could soon test new highs.

Shiba Inu (SHIB) Outlook

Shiba Inu also looks poised for gains, potentially rising 10% to retest resistance levels at $0.00001532 (R1) and $0.00001688 (R2). The SHIB/USDT chart suggests strong support at $0.00001215, with both RSI and MACD signaling a bullish continuation.

Pepe (PEPE) Analysis

Pepe stands out as one of the top performers, with a possible 27% upside in the short term. PEPE is targeting resistance at $0.00001206 (R1) and could extend to $0.00001336, while $0.00000828 is acting as solid support. With RSI pushing 72 and MACD flashing green, Pepe is primed for a breakout. Top Meme Coins to Watch Beyond DOGE, SHIB & PEPE

As Bitcoin maintains its momentum above $100K, meme coin traders are scouting for the next big gainer. Apart from DOGE, SHIB, and PEPE, the top meme coins catching attention include:

  • Official Trump (TRUMP) – Up 14.03%
  • Bonk (BONK) – Up 10.78%
  • Fartcoin (FARTCOIN) – Up 17.27%
  • Pudgy Penguins (PENGU) – Up 6.48%
  • Floki (FLOKI) – Up 9.82%

These tokens, built primarily on Solana and Base chains, have shown significant upside potential as market sentiment remains bullish.

However, a word of caution reports from Solidus Labs reveal that over 98% of meme coins launched on Solana's Pump.fun and 93% of Raydium liquidity pools displayed signs of fraudulent activity, including rug pulls and pump-and-dump schemes. Traders are urged to exercise due diligence before investing in highly speculative meme assets.

Final Thoughts: Can Meme Coins Ride the Bitcoin Wave?

With Bitcoin powering past $100,000 and aiming higher, meme coins are once again in the limelight. The excitement is palpable—but so are the risks. While DOGE, SHIB, and PEPE continue to dominate the meme coin landscape, emerging tokens like TRUMP, BONK, and FARTCOIN could be the next viral sensations or cautionary tales.

Invest wisely and watch the charts carefully, meme season is far from over.

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