Meme Coin Market Retracts To $75B - New Memes Still Gaining Traction Despite The Dip

In typical meme coin fashion over the last year, after the meme coin retracted over the weekend it very quickly bounced back. The total market cap for the sector dropped all the way below $70 billion on Sunday but has now bounced back to around the $75 billion mark.

This is still down considerably from where the market was at the beginning of the year but there are plenty of reasons to be optimistic. We want to focus on the presale market and new memes still gaining traction despite the dip.

The meme presales that are still gaining traction 

There are 6 tokens that stood out to us in particular. You will see below but it's a mixture of the quality within the token and also how well the presales have been performing. Here are the projects:

• Solaxy ($SOLX)

• Mind of Pepe ($MIND)

• Best Wallet Token ($BEST)

• Wall Street Pepe ($WEPE)

• Meme Index ($MEMEX)

• Arkenstone ($ARKN)

Let’s now examine each project and take you through why we think these new memes are thriving despite the dip.

Solaxy- The presale that is currently gaining the most traction from investors

Part of the reason we are not worried about the fact the meme coin market retracted over the weekend is because of up-and-coming tokens like Solaxy ($SOLX). This certainly falls under a meme gaining traction as the presale has now raised over $17.7 million. It is drawing more attention now than at any other stage.

We think a big reason for its popularity has come from its perfect timing. Solana as a chain was already under pressure due to its explosion in popularity, and then Trump launched the biggest meme coin we have seen since Pepe Coin ($PEPE). Solaxy is the very first layer 2 solution for Solana that will offer great scalability and relief from the congestion.

The price of the presale went up over the weekend so make sure to get in before it goes up again.

Mind of Pepe- This Pepe and AI project could revolutionize the AI sector 

An AI and meme coin combination is always going to be a strong prospect right off the bat and the growing popularity of Pepe tokens only helps. There is a lot more to like about Mind of Pepe ($MIND) and we want to especially look at the AI part. That is because this is going to be a self-governing AI agent. Which could revolutionize the meme coin market.

The prospect of an AI crypto project developing its own personality is absolutely fascinating and will no doubt draw a lot of attention from the market. It will be in charge of its own wallet and d’Apps and the technology will even control its X account so you will be able to watch it post and interact with followers.

The presale is just coming up on 3 weeks old and $5 million raised so buy your tokens before the price goes up.

Best Wallet Token- The next-gen wallet that's getting more popular every month 

One of the fastest-growing entities in crypto right now is Best Wallet, the next-gen wallet that is aiming to take over from Meta Mask as the market's number one choice. It is enjoying 50% growth month-on-month meaning it's still gaining traction despite the dip. That means Best Wallet Token ($BEST) is a great investment now.

Investors have a chance to invest in a wallet that is expected to have a 40% market share by next year so it's a no-brainer. You will get great perks from Best Wallet when you have the tokens too. The best of these is early access to the hottest presales but you’ll also get higher staking rewards and lower transaction fees.

The presale has now surpassed $9 million raised and that number is going up fast.

Wall Street Pepe- Almost $70 million raised shows this meme is still gaining traction  

The meme coin market retracting may have applied to a lot of listed tokens but it certainly doesn’t to the Wall Street Pepe ($WEPE). It has put up historic numbers so far and is now closing in on $70 million raised. It seems investors are very high on Pepe projects, especially one that applies some Wall Street knowledge to the crypto market.

What the project focuses on is creating a trading group for its investors that is comparable to what whale investors currently have. The idea is that here $WEPE holders will be able to learn some Wall Street knowledge that will make them better traders. They will also be able to earn rewards by submitting their best trades to the project.

The presale has been a huge success but only has 12 days left so make sure you don’t miss out.

Meme Index- The first meme coin index that offers a way to profit from the sector

We are big fans of projects that stand out from the crowd via innovation and that is what we have with Meme Index ($MEMX). This is the world's first decentralized meme coin index. What that means is it allows investors to invest in groups of meme coins instead of just singular investments.

They divide tokens into categories like most to least volatile for example. You can then diversify your investments as a way to profit from the sector as a whole. The project also values investor input and will allow them to vote on project decisions and even submit ideas.

The presale has raised over $3.3 million and the price goes up tomorrow so don’t miss the best value.

Arkenstone- The meme coin every crypto creator is going to want to have

Arkenstone ($ARKN) has huge potential as it has real-life utility as a meme coin. The creators of the token looked at how expensive it is to launch a token and decided to help. Renting a presale site is super pricey so they have created GemLaunch Suite which empowers creators to build their own sites. The best thing is no coding experience is required. 

Conclusion

As you can see it doesn’t really make too much of a difference that the meme coin market retracted over the weekend. Not when new memes like the ones above are still gaining traction. These are not yet counted when it comes to the total market cap but we expect them to explode once launched which will help the sector.