Meme Coins: Defying Logic, Again

Meme tokens continue to surprise me.

I was looking at yesterday's cryptocurrency market movements and saw what seemed like a straightforward picture. Before Trump's speech at the Digital Asset Summit in New York, traders were anticipating positive statements, buying top cryptocurrencies in anticipation, and prices were climbing:

• Bitcoin reached as high as $87,400
• Ethereum hit $2,060
• Ripple touched $2.56

When the speech ended and it became clear that nothing significant was announced - meaning people had bought for nothing—selling began and prices dropped:

• Bitcoin fell to $83,600
• Ethereum decreased to $1,960
• Ripple declined to $2.38

All of this makes sense, is explainable, and was somewhat predictable.

But then I looked at two meme tokens:

• Kekius Maximus surged >100% yesterday
• Broccoli jumped 20%

In today's internet culture, memes have incredibly short lifespans—literally just days. I barely remembered what these token names referred to (since one is over two months old and the other about a month old).

Do you remember? Kekius Maximus was the name Elon Musk set for his X account on December 31, 2024. And Broccoli is the name of Changpeng Zhao's dog.

Even though these memes are no longer trending, the tokens associated with them can still generate interest and demand. This suggests it's premature to declare the end of meme coin season.

As always, the most popular meme coins are available for exchange at the best rates on rabbit.io