Weekly Meme Coin Data Report — 8.24–8.30, 2026

Seven of eight board members closed red as the August 21 squeeze retraced: the combined cap fell from $21.3B to $20.1B (-5.6%), PEPE led the decline at -16.9%, and SPX6900 was the week's only green close.

Method: prices are UTC daily closes from CoinMarketCap, CoinGlass, CoinLore and BitKan history pages; weekly change is close-to-close between the boundary dates (Aug 23 → Aug 30); the combined board cap sums our eight members' tracker caps on each boundary date. Every figure is re-derivable from the Sources links — that is the standard, and it is the only reason the numbers below are worth arguing with.

1. Core metrics — week-over-week

Note the divergence between DOGE's price (-12.1%) and its market cap (-3.2%): tracker circulating-supply estimates shifted during the week, which is why we print both and let the reader see the seam rather than papering over it. The board cap inherits the same caveat in miniature.

2. The eight-token board — closes and weekly change

The table is sorted by weekly change, best to worst, and the ordering is the story: the two names that fell least were the two whose squeeze-day move unwound least. SPX sat the squeeze out (mid-range on August 21, the board's only gainer at +15.7%), and WIF's +21.2% squeeze day came with the board's smallest give-back (-6.4%).

3. What the shape of the week says

• The squeeze retraced almost exactly. August 21's single-day prints — PEPE +28.6%, WIF +21.2%, SHIB +19.8%, DOGE +13.9% — were followed by a week that gave back 60–100% of each move. Squeeze highs get retraced; the only question is the fraction, and this week's answer was 'most of it'.
• The decline was orderly. No board member printed a single day worse than -7.1% (PEPE, Aug 30). Washouts of this shape — several mid-size red days rather than one capitulation — usually mark positions changing hands rather than leverage purging.
• Volume starved into the low. DOGE's washout-day volume was $311.8M against $3.4B at the squeeze peak — an 11x decay. The market cared progressively less as price fell, the opposite of capitulation's signature.
• SPX was the exception with an asterisk. Its +15.7% week included an +18.2% day and a -11.8% day (CoinGlass). Green, yes — but the board's highest volatility cut both ways all week.

4. Three-week pattern: squeeze, unwind, base

The retracement left the board at $20.11B — 5.6% under the squeeze-week close, but still 19.8% above the mid-August base. The market gave back most of a week, none of a month. Whether that base holds is the only question next week's data answers first.

5. Supply-side watch

• PEPE's mid-whale cohort began distributing on August 25 — later quantified by Santiment at ≈80B tokens over the following fortnight, against only 5.06B of retail accumulation (a ~15.8-to-1 imbalance). The -16.9% week now has its supply-side explanation.
• SHIB's exchange reserves sat near 87.2 trillion — about 14.8% of the 589.24T circulating supply — with the $0.000005 line defended intraday but lost on the weekly close.
• No custody-scale flows were verified in any of our sources this week; the board's move was price-driven, not flow-driven. The big flows came the following week.

6. What would change our read

• A board close back above $21.3B would reclassify this week as noise within an uptrend rather than the first leg of a deeper unwind.
• DOGE closing below $0.08 would break the round-number floor beneath the entire August rally.
• PEPE's cohort selling continuing (confirmable via Santiment's next publication) would keep a hard cap on any PEPE recovery attempt.
• A repeat of August 21-style volume without follow-through — a second squeeze high — would mark a double top against $0.0934 for DOGE.

7. Methodology & data notes

• Closing prices: CoinMarketCap (DOGE, SHIB, PEPE), CoinGlass (PENGU, SPX, WIF), CoinLore (FLOKI), BitKan/TokenInsight (BONK). History pages linked in Sources.
• Board cap = sum of member caps on each tracker's own figure. BONK's cap varies by up to ~15% across trackers (circulating-supply estimates); we use close × ~88.8T consistently.
• The board: DOGE, SHIB, PEPE, PENGU, SPX, BONK, FLOKI, WIF — the eight largest meme assets excluding wrapped/pegged duplicates (Forbes category order).
• Weekly change is close-to-close between Aug 23 and Aug 30 UTC closes. No interpolation; where a tracker's cap conflicts with its own price, we print both and flag the seam.

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Related reading

• Meme Coin Weekly News Review — 8.24–8.30, 2026
• Meme Coin Market Intelligence — 8.24–8.30, 2026
• Deep Dive: Anatomy of the August 21 Squeeze
• Weekly Meme Coin Data Report — 8.31–9.6, 2026