Murad Mahmudov, a well-known investor and meme coin enthusiast, suggests that older meme coins might just be the next big thing, outshining their newer, shinier counterparts.
In a world where everything seems to be on an upward trajectory, meme coins are no exception, basking in the glow of renewed investor interest. But why the nostalgia for the oldies? š°ļø
Why Investors Are Betting Big on Older Meme Coins
According to CoinGecko, the meme coin market has swelled by 17.33% over the past month. Notable performers include Dogecoin (DOGE), Floki (FLOKI), and Pudgy Penguins (PENGU), with gains of 22.3%, 46.4%, and 116.6% respectively. These figures are not just numbers; they’re a testament to the market’s affection for the tried and true.
The total market cap of meme coins has surged 4.9% in just one day, reaching nearly $70 billion. This meteoric rise has not gone unnoticed by the keen-eyed “boot,” a pseudonymous analyst who observed that investors are increasingly drawn to established mid- and large-cap meme coins, rather than the latest shiny objects. š”
āThe best traders I know have shifted their focus entirely to mid/high-cap memes. These aren’t the new kids on the block; most were launched before 2025. They wouldnāt touch a new launch, no matter how compelling the story. Take it or leave it,ā boot mused.
Boot further noted that larger market caps offer a sense of security that smaller, newer tokens can’t match. Itās like choosing a sturdy oak over a fragile sapling in a storm.
Murad Mahmudov, a prominent figure in the crypto world, couldn’t agree more. He believes that coins launched in 2023 and a select few from 2024 will continue to dominate the market.
ā2023 and some 2024 coins will keep outperforming,ā Murad declared, his portfolio nearing record highs, according to BeInCrypto.
Data from Arkham Intelligence reveals that Muradās largest holdings, SPX6900 (SPX), Gigachad (GIGA), and Retardio (RETARDIO), are all older meme coins from 2023 and 2024. Itās a clear vote of confidence in the past.
But what drives this preference? Analyst Ignas offers a candid perspective: many token launches are driven by personal gain rather than community spirit. Lack of vision and excitement often plague new tokens, making them less appealing.
āWhen I invest in a token, I want to DREAM BIG. Yet, most projects are more about selling features than fostering grand visions. A token should inspire your community to dream,ā Ignas lamented.
Another analyst, Xero, adds that the current market phase favors older meme coins. In the early stages of a bull run, capital naturally flows into established tokens before spreading to newer ones.
āI think itās because weāre in phase 1. We need to see multiple all-time highs on older coins before the market starts chasing new runners,ā Xero explained.
For now, Muradās prediction and the broader shift in trader strategy indicate a strong preference for older meme coins. However, only time will reveal whether this trend will endure or if the market will once again seek new horizons. š
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2025-08-04 10:27