Hot Crypto Learning Week: DOGE Turns 12, Igniting Renewed Meme Wave

Abstract

DOGE celebrated its 12th anniversary on December 6.

Fifty undisclosed wallets have withdrawn $96M in PIPPIN from exchanges since October, signaling whale accumulation but also raising concerns over potential token manipulation.

Pepe community activity is surging, with speculation that a snapshot for a PEPE-themed Layer 2 may be coming soon.

MOODENG is expanding its “Zoo” ecosystem narrative through collaborations with other animal-themed meme projects such as $KOKOK, forming a community-driven entertainment ecosystem.

Pieverse is benefiting from the AI-payment narrative, securing a rising number of new partnerships.

DOGE

Project Overview: Dogecoin ($DOGE) is a peer-to-peer digital currency created in 2013 by software engineers Billy Markus and Jackson Palmer, inspired by the Shiba Inu meme. Rooted in a strong community culture, it has gained recognition for charity-driven initiatives and micro-payments. Through its associations with brands like Tesla and SpaceX, DOGE has developed a distinctive mix of meme culture and real-world payment utility.

Tokenomics: DOGE uses an inflationary model with an unlimited supply, minting roughly 5 billion new coins each year. It relies on the Scrypt algorithm for its Proof-of-Work (PoW) consensus, enabling low-barrier mining while helping maintain liquidity through predictable inflation.

Key Event: DOGE celebrated its 12th anniversary on December 6, sparking heightened community engagement and positive sentiment.

On-Chain Data: As of December 8, DOGE’s active on-chain addresses exceeded 8.19 million, and its TVL climbed to 75 billion USD. Between December 2 and 4, whales purchased 480 million DOGE, increasing large holder balances from 28 billion to 28.48 billion. Market Insight: Market analysis indicates that DOGE’s recent 12th anniversary celebration has contributed to capital inflows and a rise in short-term interest in meme coin speculation.

PIPPIN

Project Overview: PIPPIN ($PIPPIN) is an AI-driven meme coin built on Solana. It originated from an AI-generated unicorn character created by VC Yohei Nakajima in 2024, aiming to grow a viral community through experimental AI agents. Its ecosystem narrative blends AI-influencer and meme culture, emphasizing AI art and social experimentation within Solana's low-fee environment. This positions the "AI Unicorn" storyline for counter-cyclical growth during the 2025 crypto downturn.

Tokenomics: PIPPIN leverages a fair-launch mechanism with a total supply of 1 billion tokens (999 million in circulation). Its zero-tax design and community-driven approach are designed to encourage holding and AI-powered content creation.

On-Chain Data: Fifty undisclosed wallets have withdrawn 96 million USD in PIPPIN from exchanges since October, hinting at an intentional reduction in circulating supply. Perpetual futures volume over the past 24 hours surpassed 2.3 billion USD, while whales now control 73% of the supply. Note: Fueled by the broader AI-meme narrative, PIPPIN has drawn strong interest from whales and retail investors alike. However, its token distribution indicates potential manipulation risks, so investors should proceed with caution.

PEPE

Project Overview: PEPE ($PEPE) is a community-driven meme coin on Ethereum, inspired by the "Pepe the Frog" internet culture. Launched in 2023 as a pure meme experiment, its ecosystem narrative focuses on decentralized participation and cultural preservation. It builds an "frog vs everyone" counter-culture community through NFTs, DeFi, and viral marketing.

Tokenomics: PEPE has a fixed supply of 420.68 trillion tokens. It features no taxes or pre-mine, relying on pure community governance and incentivizing holders through burning and airdrops. The Pepe community has been highly active recently.

On-Chain Data: PEPE has over 490,000 token holders and recorded 81 billion transactions in 2025. On-chain monitoring shows that large holders recently bought 30 billion tokens, indicating signs of accumulation. Note: Recent community activity may be tied to a Pepe-related Layer 2 initiative. There is growing speculation that a snapshot for a PEPE-themed Layer 2 could be imminent.

MOODENG (Moo Deng)

Project Overview: MOONDENG ($MOODENG) is a meme coin on Solana, inspired by the viral Thai baby hippo Moo Deng (2024). It is positioned as a representative of the “cute animal meme” category. The project is building a “Zoo” ecosystem narrative by collaborating with other animal-themed meme coins such as $KOKOK to create a community-driven entertainment platform.

Tokenomics: MOONDENG was launched by the community and emphasizes pure meme holding with no practical utility. A portion of the tokens is allocated for ecosystem rewards.

LUNA

Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Terra Classic is home to the algorithmic stablecoin TerraClassicUSD (UST). It's now-renamed LUNC token collateralized UST, which crashed in a bank run in May 2022. That devalued LUNA to virtually zero and caused a launch of a new chain — resulting in Terra Classic and Terra.

Risk Warning for Meme Coins

Meme coins originate from the culture of meme, where "meme" typically refers to cultural information fragments spread through the internet, such as images, videos, text, or concepts. These fragments often contain elements of humor and can go viral online. Meme coins are prone to drastic price volatility as they lack practical application. Additionally, MEME coins are community-driven, meaning their development and value are influenced by community engagement and support. Decreased community activity or increased disagreements among members could impact token prices and development negatively. To sum up, investors should be aware of the risks associated with investing in meme coins.This article is provided for reference only and should not be considered investment advice.