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Several crypto investors view meme coins skeptically. This skepticism stems from their volatile nature and perceived lack of utility. Despite this, some new meme coins have achieved widespread recognition, drawing significant attention to the crypto market.
This review explores a curated list of relatively new meme coins, focusing on their use cases, tokenomics, collaborations, and price movements. By offering a well-rounded and thorough analysis, this guide helps readers understand these tokens and their future potential. Continue reading to uncover these promising gems.
New Meme Coins to Watch
Pudgy Penguins, Cheems, and Slerf are showing significant value growth. Savvy investors accumulate meme coins to secure substantial returns by next year. Meanwhile, Best Wallet Token is quickly capturing attention, with its presale raising almost $8.3 million so far. Participants can earn points by completing daily and seasonal quests, which are then converted into $BEST tokens.
1. Pudgy Penguins (PENGU)
Pudgy Penguins has officially introduced its PENGU token, creating excitement among its fans and the broader crypto community. With a total supply of 88,888,888,888 tokens, PENGU launched on the Solana blockchain, accompanied by an 88-day claims window for eligible participants. Any unclaimed tokens after this period will be burned, reducing the supply permanently. The distribution’s design benefits a variety of holders, ensuring accessibility to a broad audience.
The PENGU token announced on 5 December, aims to strengthen the connection between the Pudgy Penguins brand and its global fanbase. Initially launched on Solana, the token will eventually become compatible with Ethereum and Igloo’s Ethereum Layer 2 Abstract Chain. This added cross-chain functionality will boost its utility and appeal.
The launch has already had a significant impact. PENGU recorded a trading volume of around $90 million in its first hour. Over the next 24 hours, its price surged by 870%, reaching an all-time high of $0.05. Its market capitalization also climbed to an impressive $3 billion, earning PENGU a place among the top 200 cryptocurrencies by market cap.
Pengu isn’t just a memecoin. It is a culture coin reshaping consumer crypto.
Here is why $Pengu is positioned to dominate mindshare this year.
— Delphi Digital (@Delphi_Digital) January 25, 2025
However, the launch wasn’t without challenges. Following the highly anticipated airdrop on December 17, PENGU’s value dropped by over 50%, with its market cap falling from $2.8 billion to below $2 billion. Despite this setback, the token showed resilience, rebounding with a 590.29% increase over the past 24 hours to trade at $0.03451. This recovery suggests strong investor interest and market confidence.
PENGU trades on major centralized exchanges, including Binance, Bybit, and OKX. Binance has integrated the token into its ecosystem, offering features like Binance Simple Earn, Binance Convert, and Binance Auto-Invest. Additionally, Binance Futures supports PENGU/USDT Perpetual Contracts with up to 75x leverage. OKX has also added PENGU to its spot trading market, expanding its accessibility to a broader audience.
2. Cheems (cheems.pet) (CHEEMS)
CHEEMS, a token built on Solana, has been gaining attention for its community-driven mission and focus on philanthropy. By combining the power of cryptocurrency with charitable initiatives, CHEEMS is carving out a unique space in the crypto world. Alongside its philanthropic goals, the project is creating a platform for shopping, gaming, and Web3 experiences.
One of the most exciting features of CHEEMS is the Cheems Arena. This Free-to-Play and Play-to-Earn card game offers a fresh twist on traditional card games. It emphasizes trading strategies and competitive battles, allowing players to enjoy the game and earn rewards. Participants can also trade in-game assets, adding a layer of value and engagement.
The Cheemsverse platform further enhances the experience by offering users a vibrant ecosystem filled with gaming opportunities. Users can collect NFTs, earn free CHEEMS tokens, and participate in DAO governance to influence essential community decisions. These features make CHEEMS more than just a token; it’s a complete interactive ecosystem for its users.
Earlier this year, Elon Musk brought significant attention to CHEEMS with a tweet that triggered a 90% price surge, introducing the token to a broader audience. Now, CHEEMS is readily available on decentralized exchanges such as Raydium, Orca, and Jupiter, making it easier for users to trade and invest.
As of now, CHEEMS is trading at $0.000008456. The token’s price has increased by 3.13% in the past 24 hours and 19.12% over the last week. It has shown steady growth, outperforming many tokens in the Solana ecosystem and maintaining 15 green days in the past 30 days.
3. Best Wallet Token (BEST)
Best Wallet ($BEST) has reached a significant milestone, surpassing $8.3 million during its presale. This cross-chain Web3 wallet has consistently received daily inflows of over $100,000, demonstrating strong investor interest even amid growing competition in the crypto space. While many cryptocurrencies faced declines in December 2024, $BEST has shown resilience, reflecting investor trust and optimism.
To further engage its community, Best Wallet launched an airdrop campaign. Participants can earn points by completing daily and seasonal quests, which are then converted into $BEST tokens. Additional points and passive rewards are available through social engagement on X and referral activities, providing multiple ways for users to benefit.
Our meme contest is heating up! 🔥
Can you top this? 👀
Join now before time runs out! https://t.co/bGR7cF1zMr https://t.co/8x7XU5B94r
— Best Wallet (@BestWalletHQ) January 23, 2025
Purchasing $BEST tokens is straightforward. Investors can visit the official website to connect their crypto wallets and buy tokens using ETH, USDT, or BNB. For added convenience, the tokens can also be purchased directly via the Best Wallet app, available on Google Play and the Apple App Store, for $0.02375. The app even integrates seamlessly with wallets like MetaMask, making it easy to manage all assets in one secure location.
Staking is another highlight of the platform. Offering an impressive 352% APY, investors can immediately begin earning rewards. Over 75 million $BEST tokens have already been locked for staking, showcasing the community’s confidence in the platform’s future.
The project reserves 10% of the token supply for liquidity to ensure security and stability. This allocation reduces risks like market manipulation and slippage, creating a safer trading environment. Additionally, an audit by Coinsult verified the integrity of $BEST’s smart contract, providing investors with further peace of mind.
4. Slerf (SLERF)
SLERF is a new addition to the growing collection of meme tokens in the Solana ecosystem. Inspired by Slerf, the sloth known for its determination and perseverance, the SLERF token takes a unique approach to navigating the crypto market. Just as Slerf carefully journeys through the Amazon rainforest, the token represents a deliberate and systematic strategy for investors.
What sets SLERF apart is its emphasis on patience and resilience. It mirrors its sloth-inspired mascot’s slow but steady philosophy, advocating for a calm and steady path to financial growth. This approach resonates with many in the crypto world, emphasizing long-term perseverance over rapid speculation.
SLERF has quickly gained traction as a community-focused token, winning support from crypto enthusiasts and influential figures. A notable incident during the presale added to its story: the developer accidentally burned $10.6 million in presale funds. Rather than discourage the community, this event rallied supporters, resulting in substantial donations to help the project recover.
Adding to its appeal, SLERF has introduced a collection of unique NFTs, further showcasing its creativity and innovation in the crypto space. Its partnership with LBank, which stepped in to assist presale participants as a custodian for the donation wallet, highlights the project’s dedication to supporting early investors. LBank also became the first donor, underscoring the collaboration’s importance.
Currently, SLERF is trading at $0.168, reflecting a modest 0.14% increase in the last 24 hours. This steady performance aligns with the token’s deliberate and consistent growth philosophy. With its unique narrative, strong community backing, and innovative features, SLERF is carving a distinct niche in the meme token market.
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