This week in the crypto markets, we're witnessing a full-blown meme coin renaissance. TURBO's turbocharged rally led the pack with over 50% gains, while political-turned-digital asset TRUMP and the ever-ironic BRETT slugged their way into the top gainers circle. Meanwhile, DeFi tokens are—how should we put it?—not vibing.
Retail traders are rotating into meme coins as short-term sentiment spikes, leaving DeFi and infrastructure coins temporarily sidelined. Meme coin gains are being driven by social media virality, not project fundamentals, with trading volume shifting from majors into small-cap memes. Liquidity rotation into higher-risk assets shows appetite for speculative plays post-Q1 consolidation.
The crypto market continues its unpredictable dance, and this week, meme coins are once again stealing the spotlight. TURBO soared a shocking 52.3%, followed closely by TRUMP (up 46.2%) and BRETT (gaining 42.25%). These triple-digit rallies are fueled less by fundamentals and more by Twitter-fueled community excitement, viral content, and a rising appetite for high-volatility plays—particularly among retail traders coming off the sidelines.
Skeptics often dismiss meme coins as noise, but there’s no denying their impact on total market liquidity and short-term trading volumes. For high-frequency traders and market makers, these surges often present lucrative spreads and pockets of arbitrage. Amid the hype, DEEP and SUI also made significant gains of 39.95% and 23.38% respectively, with SUI continuing to benefit from positive development buzz around its ecosystem expansion and DeFi integrations.
On the flip side, some DeFi OGs are feeling the heat. QUBIC dropped a harsh 11.2%, while DEXE (-8.21%) and LPT (-6.78%) also saw notable declines. CRV took another stumble down 4.22%, embattling an already bruised Curve ecosystem fighting to retain TVL after the earlier exploit-led losses. HNT (Helium Network), despite its recent mobile integration push, slipped 5.9%, showing that user growth alone isn’t always enough to buoy token prices in the short term.
Social media is playing puppet master once again. Crypto Twitter was ablaze over the past 24 hours, with trending hashtags like #TurboSeason and references to 'Donald Pump' driving attention to the TRUMP meme coin. Even seasoned influencers are jumping into the meme wars, with speculative threads doubling as stealth promotional content. The overlap of humor, politics, and speculation—especially with U.S. election discourse ramping up—has added fuel to meme coins themed around controversial figures.
Meanwhile, none of the DeFi tokens made the rounds online in any meaningful way, a stark contrast that speaks volumes about the current sentiment cycle. Without viral appeal or killer updates, token momentum is being captured by the coins in costumes rather than those with cash flows (or even code).
With the resurgence of meme coin volatility, our prop desk is seeing spreads widen across small-cap alt/BTC trading pairs—something we haven’t consistently observed since early Q1. Layer 1s like SUI benefit from capital rotation as traders cycle profits out of meme winners to slightly more robust speculative ecosystems. Further, liquidity pools on DEXes like Uniswap and PancakeSwap for meme coins are being tested by sudden surges in volume—a heaven for arbitrage bots but a nightmare for retail exit strategies if volume dries up.
The pendulum of crypto sentiment has swung decisively toward virality-driven tokens. Meme coins, backed by community energy and distinctly memeable narratives, dominate not because they solve problems, but because they offer high-stakes, triple-digit upside gambling in a market fatigued with regulatory uncertainty and macro tedium. This phase may not last forever, but traders ignoring it may be leaving potential alpha on the table.
The crypto market continues its unpredictable dance, and this week, meme coins are once again stealing the spotlight. TURBO soared a shocking 52.3%, followed closely by TRUMP (up 46.2%) and BRETT (gaining 42.25%). These triple-digit rallies are fueled less by fundamentals and more by Twitter-fueled community excitement, viral content, and a rising appetite for high-volatility plays—particularly among retail traders coming off the sidelines.
Skeptics often dismiss meme coins as noise, but there’s no denying their impact on total market liquidity and short-term trading volumes. For high-frequency traders and market makers, these surges often present lucrative spreads and pockets of arbitrage. Amid the hype, DEEP and SUI also made significant gains of 39.95% and 23.38% respectively, with SUI continuing to benefit from positive development buzz around its ecosystem expansion and DeFi integrations.
On the flip side, some DeFi OGs are feeling the heat. QUBIC dropped a harsh 11.2%, while DEXE (-8.21%) and LPT (-6.78%) also saw notable declines. CRV took another stumble down 4.22%, embattling an already bruised Curve ecosystem fighting to retain TVL after the earlier exploit-led losses. HNT (Helium Network), despite its recent mobile integration push, slipped 5.9%, showing that user growth alone isn’t always enough to buoy token prices in the short term.
Social media is playing puppet master once again. Crypto Twitter was ablaze over the past 24 hours, with trending hashtags like #TurboSeason and references to 'Donald Pump' driving attention to the TRUMP meme coin. Even seasoned influencers are jumping into the meme wars, with speculative threads doubling as stealth promotional content. The overlap of humor, politics, and speculation—especially with U.S. election discourse ramping up—has added fuel to meme coins themed around controversial figures.
Meanwhile, none of the DeFi tokens made the rounds online in any meaningful way, a stark contrast that speaks volumes about the current sentiment cycle. Without viral appeal or killer updates, token momentum is being captured by the coins in costumes rather than those with cash flows (or even code).
With the resurgence of meme coin volatility, our prop desk is seeing spreads widen across small-cap alt/BTC trading pairs—something we haven’t consistently observed since early Q1. Layer 1s like SUI benefit from capital rotation as traders cycle profits out of meme winners to slightly more robust speculative ecosystems. Further, liquidity pools on DEXes like Uniswap and PancakeSwap for meme coins are being tested by sudden surges in volume—a heaven for arbitrage bots but a nightmare for retail exit strategies if volume dries up.
The pendulum of crypto sentiment has swung decisively toward virality-driven tokens. Meme coins, backed by community energy and distinctly memeable narratives, dominate not because they solve problems, but because they offer high-stakes, triple-digit upside gambling in a market fatigued with regulatory uncertainty and macro tedium. This phase may not last forever, but traders ignoring it may be leaving potential alpha on the table.
Social media virality is back in control of crypto markets. Meme coins linked with real-world politics (like TRUMP) are gaining traction as U.S. election narratives heat up. DeFi tokens are facing a PR drought, allowing low-fundamentals tokens with high humor appeal to dominate.
Watch for volume spikes on meme coins before they hit trending tabs—front-running social momentum can yield fast gains, but always prepare exit strategies. Use alt/BTC pairs for relative strength analysis.
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