According to CoinGecko, the top trending altcoins today are mostly meme coins. They’re on the list for different reasons, and interestingly, all of them have appeared here before. This suggests that their popularity might stick around for a while.

The top three trending altcoins right now are Peanut the Squirrel (PNUT), Notcoin (NOT), and Department of Government Efficiency (D.O.G.E).

Peanut the Squirrel (PNUT) is trending for two main reasons. First, it turns out the squirrel it’s named after does not have rabies. Chemung County Executive Christopher Moss confirmed this with negative test results. This contradicts earlier claims from the Department of Environmental Conservation, which said the squirrel was decapitated after biting an agent due to rabies concerns.

Second, following this news, PNUT’s price jumped by 180%. Its market cap is now over $1 billion. The trading volume on the 1-hour chart shows significant interest from the market. If this trend continues, PNUT could reach a price of $2. The Chaikin Money Flow (CMF) indicates increased buying pressure. However, if profit-taking happens, PNUT might drop below $1.

Notcoin (NOT) is also among the trending altcoins. But unlike PNUT, it’s not trending due to a price increase. Instead, it has struggled to maintain its recent upward trend.

In the last 24 hours, NOT’s price has decreased by 12%, now trading at $0.0070. The daily chart showed an initial breakout from a falling wedge, with hopes of rallying to $0.012. Unfortunately, resistance at $0.0079 has halted that momentum. With less buying pressure, Notcoin’s price may drop to $0.0056. On the bright side, if it stays above the lower trendline of the wedge, it could still rise to $0.012.

Finally, we have the Department of Government Efficiency (DOGE). This Solana meme coin gained attention after Elon Musk proposed it for the upcoming Trump administration.

DOGE is trending because Trump has approved the agency, with Musk and biotech entrepreneur Vivek Ramaswamy set to lead it. After this announcement, the price of DOGE skyrocketed, increasing by 77% in the last 24 hours. It’s currently trading at $0.39. The price might keep climbing, especially since Musk is likely to keep talking about it until Trump’s inauguration. However, if many holders decide to sell, the price could pull back in the short term.