The past week has been exciting for meme coin traders.
Pepe has climbed by 8% since last Monday, drawing significant attention to the frog-themed token and its future prospects.
While Pepe continues its upward momentum, a new meme token named Snorter is gaining traction in its presale phase, priced below $0.10. Many early observers are already referring to it as an undervalued opportunity.
Technical Breakthrough Pushes Pepe Past $400 Million Market Cap
What’s behind Pepe’s recent price increase, which has helped it surpass a $400 million market cap?
PEPE is currently trading near $0.0000097 and has been building strong technical momentum over the past week.
The 8% weekly gain is supported by tangible chart signals that traders often use to make decisions.
One of the most notable signals is the “golden cross,” which occurs when the 50-day moving average crosses above the 200-day moving average.
This pattern often precedes a substantial upward price movement.
A breakout may be imminent, as PEPE has been trading within a narrow range for almost two weeks, suggesting consolidation before a potential surge.
Additionally, exchange balances have decreased by more than 2% since last month.
A decline in available tokens on exchanges often indicates accumulation, reducing sell-side pressure and potentially leading to a price squeeze.
These factors combined suggest that Pepe’s recent 8% gain could be a sign of more significant moves ahead.
Meme Coin Market Recovery Lifts Trader Sentiment
PEPE isn’t the only meme coin performing well this week.
Nearly all assets in the meme coin sector are in the green, with some posting more impressive gains than others.
For instance, the Solana-based FARTCOIN is up 22% compared to last week.
PENGU also saw a dramatic 55% surge as traders rushed to gain exposure.
One of the few disappointments was Melania, which registered a slight decline while most other meme tokens rallied.
So what’s driving this renewed demand for meme coins?
A major factor is Bitcoin’s recent breakthrough above $110,000.
When Bitcoin performs strongly, retail traders often turn to higher-risk investments—which is exactly what we’re seeing now.
Moreover, whale activity has increased, suggesting that larger investors are growing more confident in the market's direction.
This is further supported by a noticeable uptick in spot trading volume.
Whether this is a short-term trend remains uncertain, but the current inflow of capital into meme coins indicates that July could be an exciting month for the category.
New Meme Coin Snorter Combines Meme Appeal With Trading Bot Utility and Raises $1.4M
While most attention remains on established meme coins, savvy investors are turning to new, low-priced alternatives.
That’s where Snorter comes in.
This Solana-based project offers a compelling mix of meme-friendly branding—thanks to its anteater mascot—and tangible utility.
With a presale price of just $0.0967, SNORT sits at an attractive entry point, well below the $0.10 threshold, making it accessible for those looking for high-growth opportunities.
The project has already raised over $1.4 million, demonstrating clear early interest.
Much of the excitement revolves around Snorter’s Telegram trading bot.
Meme coin trading can be chaotic, risky, and full of pitfalls, but Snorter’s bot aims to simplify the process.
It offers lightning-fast trades on the Solana blockchain, protection from sniper bots, auto-buy features for new token launches, and scam detection to help users avoid fraudulent schemes.
Benefits for SNORT holders are also noteworthy.
Trading fees are reduced from 1.5% to 0.85%, and there’s a staking program currently offering 243% APY.
The community is growing quickly, with more than 12,400 followers already engaged on X (Twitter).
One YouTube content creator, Crypto Gains, even suggested that Snorter could be “better than Banana Bot.”
When a project combines a low entry price, real-world utility, and growing social engagement, it often stands out from the crowd.
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Frequently Asked Questions
What is a golden cross in crypto trading?
A golden cross is a chart pattern that occurs when a short-term moving average crosses above a long-term moving average. It is often viewed as a bullish signal and may indicate the start of a sustained upward trend.
Why are meme coins rising again?
Meme coins are gaining momentum due to Bitcoin's strong performance, which boosts overall market sentiment. Additionally, increased whale activity and higher trading volumes are contributing to the rally.
How does Snorter’s trading bot work?
Snorter’s Telegram-based bot enables users to execute fast trades on Solana, avoid sniper bots, auto-buy new tokens, and use scam detection tools. It is designed to make meme coin trading safer and more efficient.
What is the current staking APY for Snorter?
At the time of writing, Snorter’s staking program offers an annual percentage yield (APY) of 243%. However, rates can change over time depending on network conditions and demand.
Is Snorter available on major exchanges?
Not yet. SNORT is currently in its presale phase and is not listed on centralized exchanges. Early participants can acquire tokens through the official presale website.
What makes Snorter different from other meme coins?
Unlike many meme-focused tokens, Snorter offers practical utility through its trading bot, fee reduction system, and staking rewards. This combination of meme culture and functional use cases appeals to a broad audience.