On June 28, 2025, the total capitalization of the cryptocurrency market dropped by 1.7%, but several major meme cryptocurrencies remain in the green.
Growth of Major Meme Cryptocurrencies
Despite the market decline, meme cryptocurrencies are showing strong performance. SPX6900 (SPX), part of Murad Mahmudov's portfolio, is up 7.2% overnight, with a market cap exceeding $1.1 billion. DOGE and SHIB also report positive gains: DOGE rose by 1%, while SHIB is up 2.8%.
PEPE's Market Struggles
However, the meme cryptocurrency Pepe (PEPE) is among the worst performers on a weekly basis. Over the past week, PEPE lost nearly 8%, with its market cap falling below $4 billion and the price touching $0.000009371.
Rise of Alternative Meme Coins
Among mid-cap meme cryptocurrencies, community-driven assets like PENGU and WIF are striving to return to the top 100. PENGU increased by 22% today, while WIF gained over 4% overnight.
In conclusion, while certain meme cryptocurrencies are thriving, PEPE is facing challenges and a decline in market positioning. In contrast, alternative tokens such as PENGU and WIF demonstrate remarkable growth.
