The current MEME sector is exhibiting strong short-term performance, driven by risk appetite recovery and sector rotation. After finding support at 0.00055 USDT, MEME coin price saw increased trading volume and moved up, approaching the resistance level at 0.00065 USDT, with rising probability of a breakout. Given the sector's high volatility and emotion-driven characteristics, investors are advised to utilize technical levels for phased responses, focus on the performance within the 0.00055–0.00065 range, avoid chasing highs, strictly control stop-loss, and respond orderly to emotional shocks.

Recently, risk appetite in the crypto market has rebounded, with major global stock indices reaching new highs and institutional capital returning to crypto assets. Bitcoin once broke above $80,000 before retracing; currently, ETF inflows into major risk assets and easing geopolitical risks are jointly boosting market sentiment. On April 30, the MEME sector achieved nearly a 4% daily gain, significantly outperforming the broader market and leading a new wave of short-term rotation. Against this backdrop, MEME prices have been consolidating around 0.000571 USDT since late April, oscillating within the 0.00056–0.00058 range, reflecting growing investor preference for liquidity in high-risk, small-cap assets.

According to SoSoValue data on April 30, the cryptocurrency market showed mixed performance. The Meme sector stood out with a 3.89% increase in 24 hours, including Dogecoin (DOGE) up 7.40%, BUILDon (B) up 9.16%, SPX6900 (SPX) up 3.87%, and Siren (SIREN) up 4.84%. Meanwhile, Bitcoin (BTC) fell 0.30% to $76,000, and Ethereum (ETH) dropped 0.87%, remaining above $2,200.

The crypto market showed mixed movements, with the Meme sector rising nearly 4%, while BTC fell to $76,000.

Global markets surged as geopolitical tensions eased, with major indices hitting record highs and the Korean KOSPI soaring 6.45%. In tech, semiconductor and AI-related stocks rallied strongly. Bitcoin broke $80,000, driven by institutional ETF inflows, though on-chain activity showed low retail participation. Opinions diverge on Bitcoin's outlook, with some seeing a fragile rally and others bullish due to strong accumulation and ETF demand. TON ecosystem also gained momentum after Telegram's increased involvement.

Trading Moment: Global Asset Frenzy, Bitcoin Breaks $80,000, $84,000 CME Gap Awaiting Refill.

Beyond sectoral thematic rotation, individual project launches and rising community activity have further increased sector heat. The official listing of Dogwifhat on Korea’s largest exchange expanded trading pairs and fiat channels, enhancing accessibility for institutions and retail investors alike. Meanwhile, Meme coins linked to AI concepts and themed by Chinese communities continue to garner attention, with trading volumes for many tokens surging rapidly across multiple main chains. Taking the Solana ecosystem’s high-profile projects as an example, related tokens’ daily trading volumes have surpassed tens of millions of dollars, drawing broad attention and spillover effects across the sector.

Dogwifhat, a Solana-based meme coin featuring a Shiba Inu with a pink knitted hat, has been listed on Upbit, South Korea's largest crypto exchange. This listing allows trading in Korean Won, Bitcoin, and USDT, boosting the token's visibility, liquidity, and market access. The move has sparked significant interest among traders, who are closely watching price trends and community engagement to gauge potential sustained growth amid typical meme coin volatility.

Dogwifhat Hits Upbit And Traders Eye Big Moves

The meme daily report highlights the ongoing popularity of AI concepts and Chinese community memes, with $ASTEROID leading across multiple chains. The trending topics are shifting rapidly, and caution regarding risks is advised.

Meme Daily: A Visual Summary of the Past 24 Hours' Trending Memes (2026.5.7)

The meme market is accelerating with Solana leading gains and $HANTA trading volume exceeding $42 million. Ethereum's $ASTEROID remains popular, while BNB Chain continues the momentum with Chinese memes.

Meme Daily: A Visual Summary of the Top Memes in the Past 24 Hours (2026.5.8)

From the daily chart perspective, MEME retraced from its mid-April peak, found support at around 0.00055 USDT, and, after stabilizing several times, started to climb gradually in early May, closing at 0.0006389 USDT on May 8, nearing the recent resistance at 0.0006465 USDT. Trading volume is increasing alongside rising prices, signaling a potential short-term breakout. However, over-optimism poses a risk of chasing highs. Excessive hype on social platforms about “hot pathogen” concept coins and frequent hour-level surges in MEME coins demonstrate the sector’s high volatility—sporadic information or sentiment shifts can quickly trigger short-term inflows and exits of capital. It is recommended to monitor changes in key resistance and support, and guard against stop-loss risks driven by FOMO.

According to Santiment, as Bitcoin price surpasses $80,000, the ratio of bullish to bearish social media comments has reached 1.37:1, the highest in nearly four months, indicating increased market optimism. However, Santiment warns that a sharp rise in bullish sentiment often signals caution rather than a buying opportunity, as retail FOMO may lead to late entries, local tops, profit-taking, and price volatility. Traders are advised to be wary of excessive leverage and concentrated positions.

Santiment: BTC social sentiment bullish ratio hits a four-month high

According to ChainCatcher and GMGN monitoring, the BSC chain Meme coin Freedom of Money surged 25% within one hour, with its market cap rising to $12 million. It saw a 40% increase over 24 hours, with trading volume around $2.2 million. Meme coins are highly volatile, driven mainly by market sentiment and hype, lacking real value or use cases, so investors should be cautious of risks.

Data: Meme coin Freedom of Money briefly surged 25%, with market cap rebounding to $12M.

Meme coins linked to the hantavirus have already amassed multimillion-dollar market caps, raising concerns about a potential outbreak sparking a new wave of cryptocurrency frenzy.

The Hantavirus Danger: Can a Potential Outbreak Spark a New Meme Coin Frenzy?

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