At The Block, it was noted that listings of meme coins are an indicator of a shift in strategy by major crypto exchanges. Against this backdrop, the GMCI Meme index, which tracks key meme coins, has risen by more than 90%. In comparison, other indices, such as GM30 and GML1, have risen on average by only 36% during the same period.

In particular, the meme coins $PEPE , $BONK , and Dogwifhat ($WIF ) showed weekly gains of more than 70%, 100%, and 32% respectively. MOODENG and Peanut the Squirrel (PNUT) also demonstrated outstanding results, rising by an impressive 47% and 1,500% respectively.

Amid the ongoing rally of the first cryptocurrency and the strengthening positions of the Solana network among blockchains, meme coins are likely to continue showing price increases, experts suggested.