3 More Bullish Meme Coins to Buy Now as Dogecoin (DOGE) and Shiba Inu (SHIB) Move Slow

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DOGE runs out of gas: Dogecoin futures indicate a potential slowdown, with futures interest suggesting the recent price correction may have been too rapid.

PEPE explodes: PEPE has surpassed $1 billion in open interest, establishing itself as a high-engagement meme coin attracting significant trader activity.

TRUMP maintains interest: While activity has moderated from its peak, TRUMP demonstrates continued futures engagement, supported by its compelling narrative and market relevance.

Dogecoin (DOGE) and Shiba Inu (SHIB), long-time leaders in the meme coin space, are experiencing slower momentum, while PEPE and TRUMP, are capturing attention. Increased open interest in these newer tokens highlights their growing prominence as key contenders. The futures market activity signals a rise in speculative flows, positioning these meme coins as those gaining traction now.

DOGE and SHIB have dominated the meme coin category for years, but their futures activity has cooled off recently. Concurrently, open interest in newer tokens is growing, fueled by fresh capital inflows and increased leveraged trading. This trend suggests a shift in market sentiment, with traders exploring new meme-based opportunities offering greater upside potential.

Recent charts indicate consistent futures growth in meme coins beyond DOGE and SHIB, reflecting a market preference for higher-volatility plays. This shift signals that the primary movement is now occurring in smaller tokens with rising liquidity. Consequently, retail and derivatives participants are increasingly focusing on these coins.

DOGE Faces Resistance as Speculative Activity Recedes

Dogecoin (DOGE) futures open interest surged earlier this year, but recent corrections suggest the token may be losing short-term momentum. DOGE’s open interest peaked above $5 billion when the price approached $0.40 before reversing sharply. This was followed by rapid liquidation phases, causing both metrics to decline.

While price and open interest generally moved in tandem, recent divergence underscores increasing volatility. This shift signals that the market is becoming more sensitive to large price swings and high leverage. DOGE’s trading volume has also decreased, suggesting reduced speculative interest compared to earlier rallies.

Despite its established position as a leading meme coin, DOGE now exhibits slower activity in both spot and futures markets. While the coin still commands significant market cap attention, its futures performance indicates fewer aggressive long positions. This reflects a change in risk appetite toward newer and more active meme tokens.

PEPE Gains Momentum With Record Futures Interest

PEPE futures markets have experienced strong growth, with open interest exceeding $1 billion as prices saw multiple peaks throughout 2024. The token began building momentum in early January, gaining steady volume and attention throughout the year, making it a leading meme coin in terms of futures activity.

PEPE’s price action showed sharp movements around mid-December and again in July, aligning with significant spikes in open interest. This confirms that the token captured market momentum while others slowed down. Both short-term traders and long-term holders engaged more with PEPE than in previous months.

While PEPE’s recent pullback demonstrates the impact of volatility, open interest remains above average. The strong build-up in futures contracts points to continued confidence in the token’s performance. This pattern is now evident across meme coins with newer traction and increasing liquidity.

TRUMP Token Rises With Political Sentiment and Trader Interest

TRUMP token futures surged in late April, with open interest reaching nearly $900 million and the price rising toward $15. This rapid movement coincided with increased media coverage and community-driven demand, highlighting how narrative-based meme coins can attract fast attention.

Following the April peak, both open interest and price cooled off, but remained above earlier levels. Despite the decline, July brought small rebounds in both areas, demonstrating resilience and sustained interest, even though momentum has temporarily slowed.

TRUMP’s futures activity suggests that tokens with strong thematic appeal are attracting significant speculative flows. Although not at peak levels, the token maintains a stable base in both volume and open positions. This suggests the market sees further potential in trend-driven meme tokens with ongoing social relevance.