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Why is Dogecoin Missing from Memecoin Rally Post Bitcoin ATH?

The total crypto market cap hits $3.51 trillion — up 2.47% on the day — this rally could just be the start of a wild new meme season.

Written By:
Dishita Malvania

Reviewed By:
Jahnu Jagtap

Last updated: May 23, 2025 1:30 AM
Published 2025-05-22
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Last updated: May 23, 2025 1:30 AM
Published 2025-05-22
Why is Dogecoin Missing From Memecoin Rally Post Bitcoin ATH?

Bitcoin just made history, smashing through the $111,000 mark and setting a fresh all-time high. And as always, when Bitcoin moves big, the rest of the market follows. This time, it’s the memecoins that are going wild — almost all of them are seeing double-digit pumps. 

But here’s what’s got people scratching their heads — while the newer meme tokens are going absolutely wild, Dogecoin, the original memecoin that kickstarted the whole movement, isn’t riding the same wave. It’s up, sure, but not even close to what the others are doing.

Moonpig (MOONPIG)

The big winner today is Moonpig (MOONPIG), which shot up nearly 120% in just one day to hit $0.09324. Its market cap rose to $80.43 million, while trading volume jumped an astonishing 295%, passing $42 million. 

Moonpig Price Chart
Source: CoinMarketCap

What’s impressive is that Moonpig’s rise wasn’t driven by influencer hype or big whale investors — it grew purely on its own momentum. It launched fair and square on Pump.fun, no presale, just pure community buzz. It’s built on Solana, has a meme-rich vibe, and has quickly become one of the most talked-about names in the space. 

Behind this meme phenomenon is James Wynn, the legendary trader who once went viral for making millions with a 40x leveraged long on Bitcoin. Wynn recently opened another massive long, this time worth $1.1 billion, on Hyperliquid, representing more than 10,000 BTC.

Fartcoin (FARTCOIN)

Fartcoin (FARTCOIN) is riding the meme wave as well, climbing 18.23% to reach $1.54. It may sound like a joke — and in many ways, it is — built around fart humor and meme culture. 

Fartcoin price chart
Source: CoinMarketCap

Its market cap has climbed all the way to $1.53 billion, with daily trading volume jumping almost 50% to around $364 million. 

Built on Solana, it proves that even the weirdest ideas can take off if the community gets behind them.

Floki (FLOKI)

At the same time, Floki (FLOKI) — the coin inspired by Elon Musk’s Shiba Inu and backed by a dedicated fanbase — is also on the rise. It’s climbed about 11.5% today to roughly $0.00011. 

Floki price chart
Source: CoinMarketCap

With a market cap above $1 billion and daily volume nearly doubling to $222 million, Floki is showing it’s more than just a meme — it’s gaining real momentum.

Popcat (POPCAT)

And then there’s Popcat (POPCAT) — trading at $0.5256 after a 14.63% gain. Built on Solana and based on the viral “Oatmeal the cat” meme, Popcat now has a market cap of $521.53 million, with a 143% surge in volume to $183.68 million.

Popcat price chart
Source: CoinMarketCap

But here’s the twist.

Dogecoin (DOGE)

While newer memecoins are hitting the moon, Dogecoin (DOGE) — the pioneer of the meme coin movement — is only up 6.52%, trading at $0.2413. Sure, that’s still green, but compared to Moonpig’s 119% or Popcat’s 14% jump, DOGE seems muted. 

Dogecoin price chart
Source: CoinMarketCap

Even its trading volume, though impressive at $3.35 billion, trails the percentage spikes seen by its younger rivals. With a whopping $36.04 billion market cap, it’s clear Dogecoin still has size, but not the same spark.

So, what’s going on with DOGE?

Some traders say Dogecoin is stuck because no big story or new updates is driving it lately. Without fresh reasons to get excited, DOGE isn’t making big moves. Others think its huge size makes it harder to jump quickly like smaller coins can.

 In contrast, newer memecoins like Moonpig and Fartcoin are still lean and fast-moving. They attract fresh capital through tight communities, viral appeal, and the kind of meme-driven energy that Dogecoin once thrived on.

Despite DOGE’s relatively slow move, the memecoin market overall is in celebration mode. With Bitcoin smashing past $111K, Ethereum also inching above $2,600, and the total crypto market cap hitting $3.51 trillion — up 2.47% on the day — this rally could just be the start of a wild new meme season.

Also Read: Why is the crypto market up today?

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dishita Malvania - Senior crypto journalist at The Crypto Times
By Dishita Malvania
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Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.
Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
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Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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