Next Memecoins to Explode, June 28 – Pudgy Penguins, Dogecoin, Fartcoin

Highlights:

• Pudgy Penguins has surged after the ETF filing as traders react to the proposed PENGU fund backed by tokens and NFTs.
• Dogecoin is showing early recovery with support holding but needs a breakout above the channel to confirm the bullish trend.
• Fartcoin has gained over 7% with strong support as momentum continues to build.

The crypto market has recovered today after a brief correction yesterday that saw most of the top ten coins drop in value. Most coins have recovered on the daily and weekly charts, with Bitcoin, the leading cryptocurrency, up 3.70% on the weekly chart. As of press time, the overall market cap is slightly up 0.36% to $3.29 trillion. However, the trading volume is down 7.20% to $91.06 billion. Meanwhile, total crypto liquidations stand at $205.19 million, according to CoinGlass data.

The memecoin market has made a slight recovery in tandem with the overall market. As of press time, the memecoin market cap is up 1.9% to $55.3 billion, according to CoinGecko data. The top ten memecoins are trading in the green zone, with most making a recovery on the daily chart. Here are the next memecoins to explode as the rally continues to build up over the weekend.

Next Memecoins to Explode

1. Pudgy Penguins (PENGU)

PENGU is trading at $0.01131, representing a 20.6% meteoric increase over the last 24 hours. The market cap stands at $711.18 million. Meanwhile, the trading volume has increased by 248.97% to $298 million. The coin is also up 22.44% in the past week.

The strong rally can be attributed to the latest filing by the Cboe BZX Exchange. The exchange has submitted Form 19-b4 to the SEC to list and trade the Canary PENGU ETF. This proposed fund combines PENGU memecoin and Pudgy Penguin NFTs. The filing falls under Commodity-Based Trust Shares.

BREAKING: The first memecoin + NFT ETF may be coming
Canary Capital just filed for the PENGU ETF — backed by:
80–95% $PENGU (Solana memecoin)
5–15% Pudgy Penguins (Ethereum NFTs)
Small allocation to SOL & ETH
This is the first ETF to combine a meme token and NFT… pic.twitter.com/LUrloG6gaw

— DeFiBotWatch (@_Ca_esar_) June 27, 2025

Canary Capital Group will sponsor the fund, which is organized as a Delaware statutory trust. The trust avoids registration under the Investment Company Act of 1940 and is not a commodity pool. The ETF will hold PENGU tokens from Solana and popular Ethereum-based Pudgy Penguin NFTs as its assets.

2. Dogecoin (DOGE)

The largest memecoin by market cap has recovered on the daily chart but is still down on the weekly and monthly charts. DOGE is trading at $0.1619, a 0.6% increase in the past day. However, the trading volume has decreased by 32.49% to $583 million. Meanwhile, the market cap stands at $24.27 billion.

Dogecoin is showing early signs of recovery on the daily chart after weeks of decline within a falling channel. The support at $0.1630 has held firmly, creating a potential reversal point.

However, the breakout is not yet confirmed. Price must close above the channel and hold that level to validate bullish momentum. If buyers gain control, the next target sits near $0.2458. This resistance zone previously acted as a ceiling in early June and could trigger selling pressure again. Until then, price action remains fragile. A failed breakout or a daily close below $0.1630 would weaken the current structure.

3. Fartcoin (FARTCOIN)

Fartcoin is leading other memecoins with a strong rally in the past day. The coin is trading at $1.04, with a 7.46% increase in the past 24 hours. The market cap has increased to $1.04 billion, while the trading volume is up 1.12% to $165.8 million.

FARTCOIN is showing strong weekly recovery after a prolonged downtrend, with the key support zone sitting near $0.85. Buyers defended this level multiple times. The coin is trading with a 12.22% weekly gain. According to the weekly chart, key resistance lies around $1.40 and again near $1.80. A major breakout occurred earlier in January above $1.20, and the zone now acts as a resistance. If momentum builds, the price may reach $3.00.

Fartcoin is at $1

There's no reason why the leading meme of 2024 and 2025 should be priced around 1 billion

Pepe, doge, shib, and a myriad of others reached multi billion $ status before

Dream bigger pic.twitter.com/zUoMKro2Ku

— Altcoin Sherpa (@AltcoinSherpa) June 27, 2025