Daily Degen
May 10, 2025

Meme Coins Moon as Market Shakes Off the Bears

The market isn’t bored—it's just picking favorites. Light up your meme scanner and prep your bots: the quirky returns are back and they’re not apologizing.

Top gainers this week include TOSHI, KAITO, and WIF—all propelled by strong meme or AI narratives. Fundamentals-focused tokens like DEXE and PYTH took a backseat as traders leaned into social-driven trading patterns. Twitter chatter suggests meme coin resurgence is running on culture and consensus.

Movers and Shakers

Today's Top Gainers:
Top 7-Day Gainers:
TOSHI (56.94%), KAITO (36.01%), OM (23.99%), WIF (23.18%), GIGA (21.10%)
Today's Top Losers:
Top 7-Day Losers:
DEXE (-6.67%), PYTH (-5.74%), NFT (-5.02%), PENGU (-4.33%), MX (-4.33%)

The Market Finds Its Quirky Mojo—Welcome Back, Meme Season?

Crypto markets might not be blasting off like it’s January 2021, but select tokens are dancing against the gravity of broader market consolidation. Heading into the weekend, markets tilted in favor of the whimsical as TOSHI posted a jaw-dropping 56.94% gain, followed closely by KAITO (36.01%) and WIF (aka Dogwifhat) with 23.18%. Like a throwback mixtape of the golden days of meme mania, these coins are soaking up liquidity even as some major assets dip quietly into red territory.

In stark contrast, top losers include relative fundamentals plays like DEXE (-6.67%) and real-world data oracle PYTH (-5.74%). The bifurcation is clear—investors are soft rotating into tokens with narrative-driven steam.

The movement is subtle but telling: zany tokens with personality are once again favored among retail and short-term players looking for uncorrelated upside amidst choppy majors. This trend isn’t a mere fluke—it’s becoming directional.

Top Performers Tell a Story of Culture and Community

TOSHI—an homage coin blending meme spirit and speculator appetite—outpaced all others. Its 57% surge signals not just risk appetite but also a renewed interest in meme subculture tokens. Meanwhile, KAITO, connected to the growing trend of AI integration in on-chain search and data analytics, surfed the wave of AI-chatter on CT (Crypto Twitter) this week. Together, these winners speak a common language of personality and innovation over legacy and structure.

Similarly, OM (Mantra) and GIGA are projects tied to either staking ecosystems or embedded DeFi community tools. Despite overall quiet in layer one news cycles, their steady gains this week suggest localized narratives are still moving capital—just in smaller doses and tighter execution windows.

Quiet Red Sea—Why the Losers Aren't Screaming

Arguably tougher than finding which coins are pumping is understanding why some aren’t. Values in projects like DEXE and PYTH are down, despite strong long-term prospects. DEXE’s community-governed DeFi narrative is still compelling, but a lack of major headlines this week allowed traders to cycle liquidity elsewhere. PYTH, though affected by a cooling in the oracle sector, remains fundamentally sound—but short-term eyes moved away, likely anticipating renewed buzz closer to major updates or integration news.

The overlap here is fatiguing fundamentals—veteran tokens that still make sense, just not this second.

Pump-Fueled by Panda Hats and More

Dogwifhat (WIF), the Solana-native meme token with its iconic “Shibu Inu in a hat” branding, soared over 23% in trailing 24h hours. The token’s loyal Twitter community went bullish after a wave of influencer posts praised its meme stability and cultural staying power. Memes, while irrational to some, follow very rational crowd behavior principles—and the WIF crowd isn’t going anywhere just yet.

AI-backed KAITO is another narrative token seeing renewed vigor. A growing number of traders on CT touted its relevance as the needle between AI and crypto—especially as the AI hype cycle brews on the TradTech side. With OpenAI’s Spring Dev Day still echoing in the macro discourse, narratives like KAITO’s ride the same emotional volatility.

On-Chain Pulse: Narratives Rule, Fundamentals Wait

This past week reinforces a key lesson for crypto players—narrative flows faster than fundamentals. Traders weren’t necessarily buying upgrades or product launches—they were buying vibes. And vibes, it turns out, still have alpha. The crypto space, unbound by traditional valuation metrics, remains a playground of speculative capital inclined to chase novelty and meme-ability (in the spirit of DOGE and early SHIB breakouts).

Of course, sustainable projects will resurface. But for now, bold investors and bot-assisted traders are riding quick rotations driven by nothing more than Twitter virality and Discord speculation—a trend that’s as dangerous as it is delicious if timed right.

Social Media Buzz—CT Chattering in Full Force

Crypto Twitter (CT) lit up with memes, charts, and poll threads this week. Conversations weren’t just about tokens—they were about relevance. “Is $WIF the next $DOGE 2021?” one popular thread asked. Others posted speculative breakdowns comparing $KAITO to $FET, fueling the imagination of eager AI-maxis.

Meanwhile, degenerates and whale watchers shifted their gaze away from staked majors and toward pockets of action inside themed communities. The alpha? Liquidity is moving sideways—and social consensus remains a powerful force multiplier for token price movement.

Where This Could Head Next

We predict cautious liquidity rotation into microcaps with social juice and tokens riding AI/layer-2 tailwinds, while traders continue to fade lagging oracles or tokens lacking visual identity. Expect continued traction for meme coins throughout May—especially those branching into utility sub-narratives, like paws with purpose.

In short—thematic tokens are still hot, but it’s not purely memes for meme’s sake. Tokens like TOSHI and KAITO blend the absurdity of early 2021 mania with some structural integrity through social capital or user functionality. It’s a rebranded alt-season—but with edge filters.

Conclusion

Whether it’s panda hats or promise of AI alpha, the market is alive in pockets—and if your algorithms can sniff early rotations, there’s meaningful upside lurking in the noise. While this isn't the euphoric rally of old, what we’re seeing is a dynamic, narrative-driven market that rewards community, curiosity, and just a hint of chaos. For traders willing to play the rotation meta, it's a great time to sharpen your radar and hunt for the next buzzy bet.

The Market Finds Its Quirky Mojo—Welcome Back, Meme Season?

Crypto markets might not be blasting off like it’s January 2021, but select tokens are dancing against the gravity of broader market consolidation. Heading into the weekend, markets tilted in favor of the whimsical as TOSHI posted a jaw-dropping 56.94% gain, followed closely by KAITO (36.01%) and WIF (aka Dogwifhat) with 23.18%. Like a throwback mixtape of the golden days of meme mania, these coins are soaking up liquidity even as some major assets dip quietly into red territory.

In stark contrast, top losers include relative fundamentals plays like DEXE (-6.67%) and real-world data oracle PYTH (-5.74%). The bifurcation is clear—investors are soft rotating into tokens with narrative-driven steam.

The movement is subtle but telling: zany tokens with personality are once again favored among retail and short-term players looking for uncorrelated upside amidst choppy majors. This trend isn’t a mere fluke—it’s becoming directional.

Top Performers Tell a Story of Culture and Community

TOSHI—an homage coin blending meme spirit and speculator appetite—outpaced all others. Its 57% surge signals not just risk appetite but also a renewed interest in meme subculture tokens. Meanwhile, KAITO, connected to the growing trend of AI integration in on-chain search and data analytics, surfed the wave of AI-chatter on CT (Crypto Twitter) this week. Together, these winners speak a common language of personality and innovation over legacy and structure.

Similarly, OM (Mantra) and GIGA are projects tied to either staking ecosystems or embedded DeFi community tools. Despite overall quiet in layer one news cycles, their steady gains this week suggest localized narratives are still moving capital—just in smaller doses and tighter execution windows.

Quiet Red Sea—Why the Losers Aren't Screaming

Arguably tougher than finding which coins are pumping is understanding why some aren’t. Values in projects like DEXE and PYTH are down, despite strong long-term prospects. DEXE’s community-governed DeFi narrative is still compelling, but a lack of major headlines this week allowed traders to cycle liquidity elsewhere. PYTH, though affected by a cooling in the oracle sector, remains fundamentally sound—but short-term eyes moved away, likely anticipating renewed buzz closer to major updates or integration news.

The overlap here is fatiguing fundamentals—veteran tokens that still make sense, just not this second.

Pump-Fueled by Panda Hats and More

Dogwifhat (WIF), the Solana-native meme token with its iconic “Shibu Inu in a hat” branding, soared over 23% in trailing 24h hours. The token’s loyal Twitter community went bullish after a wave of influencer posts praised its meme stability and cultural staying power. Memes, while irrational to some, follow very rational crowd behavior principles—and the WIF crowd isn’t going anywhere just yet.

AI-backed KAITO is another narrative token seeing renewed vigor. A growing number of traders on CT touted its relevance as the needle between AI and crypto—especially as the AI hype cycle brews on the TradTech side. With OpenAI’s Spring Dev Day still echoing in the macro discourse, narratives like KAITO’s ride the same emotional volatility.

On-Chain Pulse: Narratives Rule, Fundamentals Wait

This past week reinforces a key lesson for crypto players—narrative flows faster than fundamentals. Traders weren’t necessarily buying upgrades or product launches—they were buying vibes. And vibes, it turns out, still have alpha. The crypto space, unbound by traditional valuation metrics, remains a playground of speculative capital inclined to chase novelty and meme-ability (in the spirit of DOGE and early SHIB breakouts).

Of course, sustainable projects will resurface. But for now, bold investors and bot-assisted traders are riding quick rotations driven by nothing more than Twitter virality and Discord speculation—a trend that’s as dangerous as it is delicious if timed right.

Social Media Buzz—CT Chattering in Full Force

Crypto Twitter (CT) lit up with memes, charts, and poll threads this week. Conversations weren’t just about tokens—they were about relevance. “Is $WIF the next $DOGE 2021?” one popular thread asked. Others posted speculative breakdowns comparing $KAITO to $FET, fueling the imagination of eager AI-maxis.

Meanwhile, degenerates and whale watchers shifted their gaze away from staked majors and toward pockets of action inside themed communities. The alpha? Liquidity is moving sideways—and social consensus remains a powerful force multiplier for token price movement.

Where This Could Head Next

We predict cautious liquidity rotation into microcaps with social juice and tokens riding AI/layer-2 tailwinds, while traders continue to fade lagging oracles or tokens lacking visual identity. Expect continued traction for meme coins throughout May—especially those branching into utility sub-narratives, like paws with purpose.

In short—thematic tokens are still hot, but it’s not purely memes for meme’s sake. Tokens like TOSHI and KAITO blend the absurdity of early 2021 mania with some structural integrity through social capital or user functionality. It’s a rebranded alt-season—but with edge filters.

Conclusion

Whether it’s panda hats or promise of AI alpha, the market is alive in pockets—and if your algorithms can sniff early rotations, there’s meaningful upside lurking in the noise. While this isn't the euphoric rally of old, what we’re seeing is a dynamic, narrative-driven market that rewards community, curiosity, and just a hint of chaos. For traders willing to play the rotation meta, it's a great time to sharpen your radar and hunt for the next buzzy bet.

Newsworthy

TOSHI surged 56.94% in 24 hours, reigniting the meme coin mania just as Crypto Twitter rallies behind WIF and KAITO. The rotation from 'boring' fundamentals to socially-catalyzed plays is in full swing for May.

Pro-Tip:

Front-running the narrative is more important than reading the white paper—monitor Crypto Twitter, Telegram alpha channels, and on-chain sentiment for early signs of meme or AI narrative activation.

Be sure to join us on Telegram, Discord and Twitter!

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Disclaimer: The content of this article is for general market education and commentary and is not intended to serve as financial, investment, or any other type of advice.

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