Analyzing The Top 5 Trending SOL Memes Today: ANI, TROLL, LUCE, PENGU, and IKUN
- Spot Socials
- Jul 22
- 4 min read
Updated: Aug 3
Written by Jason Krutzky, Chartered Meme Technician at Spot Trading.
Good afternoon, bulls! It’s been a heck of a day in the trenches. $SOL is catching a huge bid, just as we suggested might happen in our Weekend Spotlight.
To anyone who read our forecast and caught the move, congrats.
You know, on days like today, I like to find the individual memes that are performing the best within the ecosystem that’s performing the best, and my Spot dashboard has me covered.
To find them takes three steps:
Switch the ‘All Networks’ filter on the far left to 'Solana tokens’
Select the ‘Memes’ filter
Toggle the 24h change column to order them from highest to lowest.
When I did that today, this was the list I got back.
For those of you who don't know me yet, I’m a technical analyst, which means that I rely on charts to help me understand where the price might be headed next.
So, with that in mind, I thought it'd be fun to bring you into my process for a moment while I analyze the top 5 trending SOL memes today.
LFG!
Analyzing The Top 5 Trending SOL Memes Today
$ANI launched with a bang, hitting a nearly $90 million market cap in just three days. This explosive growth attracted many degens, but as is common, latecomers were punished; the price is now down over 50% from its highs.
The $40m market cap area is a key one to watch. As long as the price holds above the launch-day Anchored VWAP (volume-weighted average price), the average participant remains in profit—a bullish signal. If it breaks below that average, all bets are off.
For a potential recovery, the next major hurdle is the $63m market cap area, which marks the 50% retracement of the move that brought us to the highs.
$TROLL has been seeing some constructive action the past few days, in large part due to Pump.fun’s decision to redirect creator fees to CTO’d coins. While it’s not quite out of the woods yet, it is certainly starting to look promising again.
Most importantly, price is attempting to regain the Anchored VWAP (volume-weighted average price) from launch-day, which would be bullish as it represents that the average buyer since then is now in the money.
The next critical level to watch is the 50% retracement from its all-time high to the recent consolidation low. After a two-month basing period, clearing this resistance could signal the start of a significant rally, potentially pushing $TROLL back to its all-time highs.
Honestly, this is exactly the type of coin I avoid. The hype that drove it to insane highs back in November 2024 is completely dead now, and any price increases are just chances to sell if you're stuck holding a losing position.
Could it keep going up? Maybe. Will it ever reach those all-time highs again? I seriously doubt it. All you have is resistance above and trapped buyers from much, much higher. However, if you feel like you just absolutely have to buy it, I’d keep my eyes on the $8.4m market cap level (the bottom of the block that took us to near-term highs) and then around $13.3m (the Anchored VWAP from those highs) above that.
Social media has been hot for Pudgy Penguins over the past few weeks, and rightfully so: the coin has been doing absolute numbers. Currently, it's up over 300% from the June lows and looking like it wants to leg higher yet again.
A few weeks back, we noted the strength we were seeing in $PENGU, and specifically pointed to the Anchored VWAP from launch-day as a key level of resistance. Well, it pushed right through that with no trouble, consolidated for about a week, and today it’s back off to the races.
Just two levels above are left. The January high at $0.045, and the all-time high at $0.069. I’d expect at least some resistance at those levels, but if they can be gained, all bets are off as far as how much higher this coin can go. As they say, all-time highs beget all-time highs.
The $IKUN chart shows a classic case of old resistance becoming new support. When you draw a horizontal level from the body highs of the first few daily candles, you see price finding support exactly at them over the past few sessions.
In addition to that, the name is also attempting to regain the key Anchored VWAP, as well.
All in, this is a pretty bullish look that presents a nice risk/reward profile. If price falls below those levels, it’s probably best to stay on the sidelines, but if the Bonk ecosystem continues to dominate the way it is now, this coin is likely to maintain a bid and push higher.
I hope that this analysis helps you in some way, and I want to continue making these newsletters educational and informative!
If you have any questions or just want to talk shop about a coin or narrative, hit me up anytime at Jasonk@spot.dog.
And, as always, NFA DYOR!
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