Memecoin

Memecoins See Fresh Momentum as $VINE, $OSAK, $TURBO and Others Lead Market Rally

May 3, 2025
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The memecoin sector has always been known for its cult-like communities and for being hard to read.

Just when it looked like things were cooling off in that corner of the crypto world, a fresh batch of memecoins began making some noise. $VINE, for instance, nearly doubled in the week leading up to March 29. Several other memecoins are also pumping right now: $OSAK, #CHILLGUY, and some others not mentioned in the CoinDesk article are seeing brisk trading on centralized exchanges (CEXs).

Leading the day’s narrative is $VINE, a Solana-based memecoin that has re-entered the Top 20 Solana memecoins by market capitalization. After a dramatic 35% surge, $VINE now boasts a $60 million market cap, marking a significant recovery for the project. This upward spike reflects not just price action but a broader resurgence of interest in Solana’s meme ecosystem, which continues to benefit from the network’s speed and low transaction costs. $VINE’s move back into the spotlight suggests that retail traders and whales alike are revisiting old favorites in search of short-term momentum plays and long-term potential.

DEX Dominance and CEX Aspirations Drive Memecoin Dynamics

$OSAK is another memecoin that’s drawing attention today, surging 29% to a market cap of $100 million. What’s particularly noteworthy about $OSAK is that, like the majority of the other memecoins, its trading volume is still concentrated on decentralized exchanges (DEXs).

In today’s rankings, $LOFI has cemented a strong presence, climbing 21% to hit a market cap of $34 million and an even healthier trading volume of $5 million. The activity with the token is split chiefly between Cetus and LBank, which between them constitute about 50% of the total trading volume with $LOFI. Though hardly a household name, $LOFI’s distribution across both DEX and CEX platforms indicates a balanced interest profile. This serves as an important highlight: $LOFI may not be “on the map” as a known quantity right now, but it appears to be well on its way to becoming a player with a truly scalable user base.

#CHILLGUY experienced a 100% spike in trading volume, an aggressive move pointing to major accumulation or liquidity injection. With a market cap sitting at $46 million, #CHILLGUY now has serious traction on multiple platforms, particularly Gate.io, Bybit, and Solana’s native DEX, Raydium. This multi-exchange exposure has given the coin a good amount of visibility, drawing in retail investors and swing traders looking for recent highs and short-term trades.

$TURBO Proves Staying Power Amid Market Volatility

$TURBO is among the established memecoins that are resilient and well backed by communities. In the past 24 hours, trading volume surged by 106% to $181 million.

$TURBO’s market cap is around $352 million, and its liquidities (combined with its market cap) rank it among the larger memecoins currently in play. A healthy presence on X (formerly Twitter) reinforces that liquidity and market cap with a strong community of supporters who drive engagement with the token. The current engagement relative to market cap (the “current ratio”) is at 51%, suggesting that the momentum and excitement are at least holding, if not gaining traction.

Volume growth, social media presence, and market stability combine to suggest that “Turbo season” might still have legs. While many memecoins are here today, gone tomorrow, $TURBO’s consistent performance and community-led energy offer a rare to see hint of long-term viability in the otherwise quicksilver meme landscape.

Conclusion: A New Phase of the Memecoin Cycle?

Current memecoin activity could indicate that we’re entering the meme cycle all over again. But this time, whispers of a new bull run aren’t only being driven by the ‘good old days’ of the kind of relentless speculation that characterized the 2020-21 crypto bull run. Even as we’ve seen basically no price action for most of crypto this year, some fresh CEX explosion hopes have gotten mentioned in recent memecoin price discussions. And this was also the kind of price action that characterized August for a lot of low-caps and mid-caps.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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