Viral meme coins from last year, including Moo Deng (MOODENG) and Peanut the Squirrel (PNUT), are experiencing significant price increases as both Bitcoin and Ethereum see rebounds. MOODENG and PNUT soared by 143% and 55% in 24 hours, respectively, achieving over $900 million in trading volume. Despite their recent gains, both tokens remain approximately 80% below their all-time highs. Other Solana-based tokens like Fwog (FWOG) and Goatseus Maximus (GOAT) also saw substantial gains, contributing to an overall rise of 23.7% in the meme coin market. While previously there were doubts about the longevity of Solana meme coins, analysts suggest that the market is stabilizing following major cryptocurrencies’ price surges. With Bitcoin surpassing $100,000 and Ethereum showing double-digit gains, the meme coin category appears revived, attracting new interest and speculative trading activities.

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