Meme Coin Market Is 'Very Much Alive': Can Dogecoin, Shiba Inu, Fartcoin Bounce Back?

Even after a sharp cooldown, the meme coin sector refuses to die quietly. With Fartcoin FARTCOIN/USD in the focus, traders say the meme coin mania might be entering a stronger, more refined phase.

What Happened: According to prominent crypto influencer Wale Swoosh, meme coins may be down from their highs, but they're far from out.

Solana meme coins continue to generate massive volume roughly $2 billion daily on decentralized exchanges and $30 million in weekly NFT volume.

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While that’s down from the $22 billion peak, it’s still a sign of sustained interest.

Swoosh also highlighted the rise of LaunchLab, a launchpad by Solana's top decentralized exchange Raydium, as a possible catalyst for a sector revival.

He draws parallels with NFTs: while volumes faded post-peak, the space didn't die—it evolved.

The same may happen with meme coins: fewer, better projects with stronger infrastructure and better user experience.

Swoosh argues that meme coins are entering a more mature cycle, with smarter traders, better tooling, and a more discerning audience. The hype-driven frenzy might be over, but that could make room for quality projects to shine.

He adds: "The meme coin sector is gearing up for a second spring—less chaos, more structure and the same wild upside potential."

What's Next: Crypto trader Koala says he doesn't believe legacy memes like Dogecoin and Shiba Inu will ever revisit their all-time highs, but he still sees potential for 200% to 300% gains from current levels.

He expects the market to shift from broad-based euphoria to a more selective focus, where only a few meme coins dominate based on actual mindshare, not just noise.

In that environment, Fartcoin is shaping up as a potential breakout leader. With Bitcoin threatening a move above $90,000, some traders believe Fartcoin could ride the wave to a new all-time high before eventually passing the baton to the next viral coin.

CoinGecko data shows the total meme coin market cap sits at $48 billion, down 2.3% in the past 24 hours and off from recent $50 billion levels amid broader market weakness.

Dogecoin DOGE/USD is down 10%, Shiba Inu SHIB/USD is down 8%, Trump TRUMP/USD dropped 30% after a sharp rally to new highs.

Still, both DOGE and SHIB maintain strong communities, and traders anticipate a near-term rebound, with SHIB buoyed by a spike in burn rate and positive on-chain metrics, and DOGE seeing increased whale accumulation ahead of a potential bullish move.

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