Best Crypto to Buy Now as Meme Coins Like HYPE, SPX, and PENGU Explode in Q2

The latest Crypto Confidence Index revealed that Hyperliquid, SPX6900, and Pudgy Penguins are topping the chart in terms of confidence. Among them, Hyperliquid is the most bullish, scoring 88.02 out of 100.

Since most of these three assets are meme coins, conversations have risen around whether the best crypto to buy now should focus on utility or memes. The answer to this question lies somewhere in between.

Hyperliquid, SPX, and Pudgy Penguins Lead the Chart in Q2-2025

The second quarter of 2025 has been eventful for the cryptocurrency economy. Bitcoin reached its all-time high, creating a high tide that has uplifted most of the cryptocurrency boats. That being said, only a handful of projects have truly been able to tap into the bull market.

Hyperliquid is first, whose community sentiment has become powerful enough to give it a high score. In terms of price action, the utility token has experienced a surge of more than 82% since entering the year.

SPX6900 (SPX) gets the second spot with a score of 85.43. While the no-utility meme coin experienced a steep correction this year, by the end of the second quarter, its price was up by over 169%. The community-centric token is currently trading around $1.93 and has a market cap of over $1.93 billion.

Coming in at the third spot is Pudgy Penguins (PENGU), the media-driven meme coin, which lost nearly 90% of its all-time high. In the second quarter of this year, however, the meme coin made a massive comeback of over 734%. The reason for this surge was the PENGU-focused ETF and a game known as PENGU Clash.

Which Is the Best Crypto to Buy Now Among These Three?

All three assets mentioned above have their unique traits. Hyperliquid has been riding the wave of its decentralized perpetual exchange. SPX is leveraging its memes, and with Pudgy Penguins, the ETF and penguin-driven cuteness are driving its value. All of them could be counted among the best cryptos to buy now.

However, portfolio diversification is the key to winning in this meme coin economy, and that’s where the following options also offer upsides.

Bitcoin Hyper

Bitcoin Hyper is a meme coin that offers something rare in the crypto world: actual utility. While most meme coins rely only on jokes and hype, Bitcoin Hyper adds real use cases to the mix. It is built as a Layer 2 solution for the Bitcoin network, aiming to improve its speed, flexibility, and support for decentralized apps. This gives it a strong foundation and helps it stand out from the usual meme tokens.

What really sets it apart is its branding. Like Pudgy Penguins, it has a unique and memorable mascot, styled like a superhero. This fun imagery gives Bitcoin Hyper the short-term perk needed to go viral and attract retail investors. At the same time, its long-term vision is supported by the technology it offers.

The project has already raised close to $6 million during its presale, showing strong community interest. That early momentum could carry it far.

For investors who feel Bitcoin has become too slow or too focused on institutions, Bitcoin Hyper offers a fresh option. It is a low-cap meme coin that follows current trends but with the added benefit of real use cases. This balance of fun and function makes it a strong contender in today’s market.

Analysts say that this could be the next 1000x project.

TOKEN6900

SPX6900 has been one of the biggest surprises of the second quarter of 2025, gaining more than 169% in value. Its growth proves that meme-driven tokens still have major momentum, especially when backed by strong aesthetics and community appeal.

This is where TOKEN6900 steps in as its perfect competitor. Built with the same chaotic energy that made SPX6900 go viral, TOKEN6900 embraces a no-utility approach that prioritizes memes, humor, and unpredictability. It doesn’t try to solve a problem. Instead, it leans fully into internet culture and delivers an experience designed purely for fun and fast gains.

The memes shared by TOKEN6900 are a mix of absurd AI-generated images, Gen Z humor, and low-effort jokes that land well with its target degen audience. This content isn’t polished or curated. It is raw, unfiltered, and effective.

Visually, TOKEN6900 shares the retro charm of SPX6900 with its 90s Windows-inspired aesthetic. This nostalgic design works well with the tone of the project and enhances its viral potential. Its presale has already gained attention and continues to raise funds steadily.

By removing the need for utility, TOKEN6900 offers full freedom to focus on hype and virality. That freedom might just give it the edge needed to explode in the short term. For meme coin hunters looking for the next breakout, TOKEN6900 deserves serious attention.

Snorter

Snorter stands out in the meme coin world with its unusual but charming aardvark mascot, a refreshing break from the usual frogs and dogs. This unique imagery is reminiscent of what Pudgy Penguins achieved with its cuddly aesthetic. Both projects lean into their visuals to build strong brand identity and community appeal.

But Snorter goes further by combining that visual strength with genuine utility. Much like how Pudgy Penguins expanded into toys and partnerships, Snorter blends meme culture with function. It acts as a Solana-based trading assistant, helping users find early-stage meme coins through features like auto-sniping and real-time alerts.

What sets Snorter apart is its strong focus on social interaction. Through Telegram, it offers a user-friendly platform where traders can engage with each other and access social trading tools like copy trading. This allows less experienced users to follow and replicate the strategies of successful wallets with ease.

Snorter also wins on affordability. While most Solana bots can charge over 1% per transaction, Snorter keeps it low at just 0.85%. This makes it accessible for casual traders who still want to stay ahead of the curve without paying a premium.

By blending meme appeal, unique branding, and real-world utility, Snorter has carved out a niche in the meme coin space that is both functional and fun.

Wall Street Pepe

Wall Street Pepe brings together the iconic imagery of Wall Street power and the internet-famous Pepe meme to create a community-first crypto project aimed at empowering retail investors. Its mascot (a business-suited Pepe) is a symbol of everyday traders rising to challenge institutional dominance in the crypto space.

Just like Hyperliquid gives traders speed and precision, Pudgy Penguins uses strong branding to build community, and SPX6900 capitalizes on meme culture to drive value, Wall Street Pepe combines these elements into one cohesive project. It focuses heavily on giving its users real tools to navigate the market and make smarter trading decisions.

The core utility of Wall Street Pepe revolves around its Alpha Trading Chat. This feature allows investors to stay informed through expert-led signals, market analysis, and shared strategies that are aimed at giving the retail crowd an edge. It’s about arming everyday users with the kind of insight usually reserved for insiders.

Backed by strong visuals, an active community, and meaningful utility, Wall Street Pepe goes beyond being just another meme coin. It offers a place for users to unite, learn, and potentially profit, making it one of the more well-rounded projects in the meme coin space.

Conclusion

The rise of Hyperliquid, SPX6900, and PENGU despite the majority of the market stagnating showcases an interesting aspect: people are rooting for decentralized projects whose tokens are available at a low price. Therefore, the best crypto to buy now list contains mostly meme coins with high upside potential.

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