The meme coin market is said to have gained the most attention in this ongoing bull cycle. With Bitcoin recently surpassing the $100,000 golden mark and even hitting a new all-time high of $103,647 in early December before pulling back, tokens in this niche have completely stolen the spotlight, even with new entrants like Luigi Mangione , Daniel Penny and Hawk Tuah. among the sea of tokens appearing on major cryptocurrency headlines.
In this article, we take a brief look at each of these trending meme coins, highlighting the key elements that have contributed to their growing popularity while also gauging their potential as a cryptocurrency.
Best New Meme Coins Trending Now
Here are some of the meme coins trending in major cryptocurrency news:
luigi mangione
Luigi Mangione is one of the meme coins that revolves around the fatal murder of health insurance executive Brian Thompson in Manhattan, New York. The token was developed on December 9 after news of the arrest of the alleged murderer, Luigi Mangione, dominated the airspace.
Before the arrest, images showing how Brian Thompson was murdered in cold blood had flooded the Internet. In the footage, a suspect is seen walking near the deceased before finally shooting him in the back. The suspect, according to the police, is Luigi Mangione.
While there is no doubt that the daylight murder has become the topic of discussion online, there is a shift in the way the social media community now feels about Luigi Mangione. Multiple media reports indicate a surprising inclination of support towards the suspect, especially after his X account was suspended. Amid a strong wave of online comments about the suspension, Elon Musk intervened and quickly reinstated the account.
Right now, the 26-year-old Ivy League engineering graduate has become the face of many meme coins. However, among the numerous Italian-American themed meme coins, Luigi is the only one that has significantly capitalized on the growing media attention and hype surrounding the murder to go viral, appearing in numerous publications including Bitcoin.com.
Furthermore, two days after its launch, the token saw a sharp increase in its market capitalization, reaching $60 million before experiencing a sharp pullback. At the time of writing, the token’s market capitalization has fallen to $8 million, indicating that the hype around the token has decreased dramatically.
Considering the fact that the token is only fueled by interest in the murder case, it has no long-term sustainability and could even be susceptible to pulls and extreme market volatility.
Daniel Penny
Daniel Penny, a new meme coin from Solana, is another token that has been trending in recent days. Inspired by Daniel Penny, a military veteran who was acquitted of a manslaughter charge earlier in the week, this low-cap token has been the topic of conversation online since its invitation to the Army-Navy game became public.
Don’t forget, the marine expert was charged with criminal negligence in the death of Jordan Neely last year. The case quickly became the talk of the town, especially after a New York City medical examiner revealed that the death was caused by “neck compression.”
Neely was said to have suffered from schizophrenia, used synthetic marijuana, and was starving before Penny restrained him in a restraint she learned during Marine Corps training. However, after a long trial, the jury found him not guilty of the second-degree murder charge against him.
Penny was invited by US Vice President-elect JD Vance to join Donald Trump and other top political leaders at the football game. Its inclusion among Trump’s entourage at this weekend’s memorable event sparked a 3x increase in the token’s market capitalization, pushing it above $600,000 before a correction.
While there is no doubt that $PENNY is among the new tokens trending in cryptocurrency news, its frenzy is gradually dying down. Let’s not forget that it has no use and is only based on the commotion surrounding Daniel Penny’s engagement to the brand new president of the United States.
Additionally, its extremely low market valuation means the token will be vulnerable to more volatile stocks. In fact, just small transactions among its small group of traders can cause strong fluctuations in the price of $PENNY.
Falcon Lucky Coin
Released just a week ago on Solana, Hawk Tuah has been in the news, although not for the right reasons. It was launched by Haliey Welch, a Tennessee native who became famous after her response with the catchphrase “hawk tuah” in a YouTube interview earlier this year. After amassing hundreds of thousands of followers, Welch started his own podcast: Talk Tuah before finally deciding to launch a token.
In less than a few hours of its launch, the token reached a market capitalization of $490 million before suddenly retracing more than 90% of its value. Hawk Tuah’s strong bearish trend after an impressive debut has raised suspicions that the project is a hoax.
In fact, in recent days, several crypto commentators, including Stephen Findeison, have been criticizing Welch, accusing her of defrauding her social media followers through a “pump and dump” scheme.
In a rapidly growing crypto world, the term “pump and dump” is synonymous with rug pulling, indicating a situation where developers promote a crypto project before its launch and then sell it for a profit. However, in this case, Welch insists that no member of the team sold the tokens they owned.
The controversy resulting from the fall of this project has been prominent news in multiple publications, including CoinDesk. Investors have also filed complaints with the U.S. Securities and Exchange Commission (SEC), which could spell bigger trouble for the 22-year-old internet celebrity.
Are Luigi Mangione, Daniel Penny and Hawk Tuah Coin good investments?
The absence of fundamental value or use cases in Luigi Mangione, Daniel Penny and Hawk Tuah Coin means that their price performance will only be driven by speculative trading and community hype. As such, they may not be a good investment option for investors looking for projects with both short- and long-term growth potential.
With this in mind, investors are now turning to Wall Street Invitation (WEPE) – a new meme coin that has gained a lot of attention due to its novel utility ideas, strong community support, and impressive staking advantages.
Wall Street Pepe is currently one of the best performing pre-sale ICOs, despite launching just a few weeks ago. Built on Ethereum, Wall Street Pepe’s biggest appeal lies in its relatable theme that portrays the iconic Pepe character as a Wall Street trader who has burst into the market to save small traders from the oppressive practices of legacy whales and the initiated.
Like other financial sectors, the cryptocurrency market has always been dominated by the big guys who constantly manipulate the little guys to improve their own profits. To change this narrative, Wall Street Pepe is forming a group of ambitious and hungry investors – the “WEPE Army” – who will work together to out-trade the whales and move the market.
In essence, the project brings the ruthless trading style of the wolf of Wall Street to the crypto space. Don’t forget that The Wolf of Wall Street is the nickname of Jordan Belfort, a key personality whose cutting-edge memoirs, master classes, and elite investing seminars have helped shape highly successful traders.
By incorporating the smart trading strategies and insights of the Wolf of Wall Street, Wall Street Pepe wants to level the playing field and create the next generation of wealthy investors. Beyond offering relevant trading signals and alpha calls, the project will grant exclusive access to a private group where members will be able to constantly share trading ideas and opportunities to ensure collective profits.
Those who share their successful trades with other community members will be rewarded. There will also be a special trading competition where members will compete against each other in order to win additional rewards.
The next attractive aspect of Wall Street Pepe is its standard staking benefits, which discourage last-minute sell-offs and incentivize long-term holding.
Most importantly, Wall Street Pepe has been audited by Coinsult, adding a trust factor to the project and increasing its visibility among potential investors.
So far, WEPE’s pre-sale has been a huge success and has raised over $21 million from investors. Thanks to its popularity on social media, its revolutionary trading offerings, and its community-driven tokenomics, notable experts like ClayBro We believe WEPE has 100x potential, making it a viable investment for investors looking to maximize the bull run as much as possible.
For those interested, a WEPE is available for a discounted rate of $0.0003641 and can be exchanged against USDT and ETH.
For more information, follow WEPE on Twitter or join your telegram channel.
