- The animal meme sector noticed massive losses in latest weeks.
- Some memes created round a sure viral occasion might explode in worth, however be unable to carry on to the positive aspects over time.
The memecoin market has been bleeding because the first week of December, when their whole market cap stood at $127 billion. At press time, it was right down to $89.53 billion.
Among the many memes, the animal-based memecoins seemed to be notably bearish.
Animal memes and the information cycle
Among the many animal meme tokens, Peanut the Squirrel [PNUT] which had been a powerful animal meme in early November, has been falling fairly quickly, shedding 41.4% in every week.
Most of the others, resembling cat in a canines world [MEW] or Moo Deng [MOODENG] have shed double-digit percentages over the previous week amid Bitcoin [BTC] weak spot.
In early November 2024, Peanut, an orphaned squirrel who has been raised by people for the previous seven years, was seized in Pine Metropolis, New York, by the US Division for Environmental Conservation (DEC).
One other pet in the identical family, a raccoon named Fred, was additionally seized after the duo grew to become an web sensation in October, which prompted some netizens to name the DEC.
Stating that an individual concerned with the investigation was bitten, the DEC mentioned that they had euthanized Fred and Peanut to check for rabies.
Supply: Santiment
This occasion additionally led to the beginning of the PNUT token, an animal memecoin based mostly on Peanut the Squirrel.
As seen on the Santiment chart above, it noticed a swiftly rising social dominance within the second week of November, reaching a peak worth of 1.75% on the 14th of November.
Must you depart as soon as the narrative dies down?
Supply: PNUT/USDT on TradingView
Should you had purchased $1,000 price of the animal meme PNUT on the eighth of November, it could have been price near $20,100 by the 14th. At press time, it could nonetheless be price near $2,210.
The continuous decline in social dominance, weighted sentiment, and worth instructed that when the token is out of the information cycle, will probably be arduous for it to keep up its worth ranges.
Moo Deng, the viral child hippo, and its namesake animal memecoin MOODENG revealed the same worth trajectory.
Supply: MOODENG/USDT on TradingView
It’s inevitable that different animal memes will probably be created and can demand the general public’s consideration within the coming weeks and months. This could possibly be spurred by viral memes, for instance.
Learn Peanut the Squirrel’s [PNUT] Worth Prediction 2025-26
The bottom line is to note the pattern early — which is extraordinarily arduous by itself, however equally essential is the willingness to promote.
Some memes like Dogecoin [DOGE] would possibly by no means depart the limelight. Others, like PNUT, would possibly solely have a restricted time to shine earlier than fading into obscurity.