MemeCore (M) has taken the market by storm recently, skyrocketing into the top five meme coins by market capitalization with over a 470% monthly gain. The project offers a meme coin-focused Layer 1 blockchain, giving developers a dedicated ecosystem to launch and scale their communities.
However, since the weekend, MemeCore has been stuck in a tight range below its all-time high. Is this a sign of weakening momentum and a potential price peak, or just the calm before the next surge?
As MemeCore settles, other meme coins have started to pump, signaling a potential shift in market dynamics. This is a natural part of the crypto market’s ebbs and flows, and it presents lucrative opportunities for investors who can stay one move ahead.
With that in mind, let’s review the upcoming outlook for MemeCore and three alternative plays that could be the best meme coins to buy in 2025, paying close attention to liquidity flows, emerging narratives, and market trends.
MemeCore Red Flags and Downside Risk
MemeCore has had a phenomenal performance this month, but skeptics are calling foul play. M currently trades at a $4 billion market cap according to CoinGecko data, though CoinMarketCap lists it at $2.5 billion due to differences in M’s reported circulating token supply.
Either way, MemeCore’s valuation makes it larger than Pudgy Penguins (PENGU), Bonk (BONK), and even Donald Trump’s meme coin, OFFICIAL TRUMP. So, surely, this project’s fundamentals must be booming – an active ecosystem, on-chain adoption, and plenty of tokens changing hands? Not exactly.
To start, the MemeCore blockchain had just 1,032 active addresses in the last 24 hours. Sei, which has a $1.8 billion market cap, recorded 939,795 users in the same window.
Maybe the MemeCore L1 is new, wallets are hard to set up, and the ecosystem isn’t fully developed – but its price performance indicates that the project is still attracting major speculative and hype-driven demand flows. Unfortunately, this doesn’t seem to be the case – the M token has a modest 24-hour trading volume of $27 million and a limited amount of locked liquidity, which the X commentator Murat Karakol recently warned about.
Not only does MemeCore lack on-chain adoption, but there seems to be minimal demand and liquidity relative to M’s gigantic market cap, potentially indicating price manipulation. This could signify that the recent uptick was an orchestrated pump where the supply was centrally controlled, allowing demand to artificially boost M’s token price without sellers dampening momentum.
No one knows when this bubble will burst – but with a valuation between $2.5 billion and $4 billion, MemeCore could turn out to be a ticking time bomb. Just a couple of big sell orders might wipe out billions of dollars in market capitalization. That’s why many investors are looking elsewhere – so let’s explore three meme coins that could serve as better alternatives.
Toshi
Like MemeCore, Toshi (TOSHI) is currently booming, but what separates it is that there’s real demand behind its rally. TOSHI’s price has surged 61% in the past 24 hours, giving it a $411 million valuation. Yet it has also recorded $442 million in 24-hour volume, indicating the rally is organic and sustainable.
Toshi is climbing because the South Korean exchange Upbit announced it will list the token on Wednesday. This also coincides with an announcement that the blockchain Toshi is built on, Base, is planning to launch its own governance token. Base’s token launch is expected to reignite ecosystem momentum, which could help Toshi grow even more in the coming months.
There’s no official word on when the Base token will launch, but the anticipation surrounding that event might even be a stronger growth driver than the launch itself. Moreover, ecosystem meme coins like Toshi could attract demand by acting as speculative proxies for the Base token before it goes live.
Maxi Doge
Maxi Doge (MAXI) is another viral meme coin showing real momentum right now. But the main difference between Maxi Doge and Toshi is that MAXI has not yet been listed on exchanges. It is currently in a presale, allowing investors to purchase early and maximize their potential gains.
The project is a community-focused Dogecoin alternative with modern branding and tokenomics designed to boost virality and reward early supporters. Maxi Doge’s mascot is portrayed as Dogecoin’s younger cousin, a leverage-trading degen with a caffeine addiction and dreams of escaping his mom’s basement.
Beyond branding, Maxi Doge sets itself apart with real utility: staking rewards (with up to a 144% APY), community giveaways, and plans to integrate into futures trading platforms.
MAXI’s presale has raised $2.2 million so far, showing strong interest from early adopters and signaling high demand potential once it’s listed on exchanges. Visit Maxi Doge.
PEPENODE
PEPENODE (PEPENODE) is an innovative project that’s part meme coin and part utility token. It’s creating the world’s first Mine-to-Earn meme coin, enabling users to earn crypto rewards through a fully on-chain mining game.
Players start with an empty server room and use PEPENODE tokens to buy Miner Nodes and upgrade them to increase mining power. The more power they generate, the more rewards they earn.
This setup incentivizes active participation, and creates a viral engagement loop that could sustain long-term demand. And here’s where it gets more exciting: 70% of tokens spent on Miner Nodes and upgrades will be burned, meaning the circulating supply of PEPENODE tokens will decrease as ecosystem activity increases. This combination of incentivized demand flows and deflationary pressure could lead to a long-term upward repricing.
PEPENODE is also conducting a presale, having already raised $1.1 million. This shows strong market interest but also leaves considerable room for future gains. Visit PEPENODE.
