Ethereum Meme Coins Gain Momentum as Shiba Inu Tops the List

Meme coins are still one of the most active areas in crypto, and Ethereum is no exception. A recent roundup from Coin Gabbar highlights five tokens worth watching as of August 6, 2026: Shiba Inu (SHIB), Pudgy Penguins (PENGU), Pepe (PEPE), Floki (FLOKI), and ApeCoin (APE).

Shiba Inu is one of the oldest and largest Ethereum meme coins, live since August 2020. It features a deflationary burn mechanism built into its token design and has its own Layer 2 network, Shibarium. SHIB is also accepted at Dubai Duty Free airport stores through Crypto.com Pay.

Pudgy Penguins is a memecoin tied to a popular NFT collection. It boasts strong retail and merchandise-driven brand appeal, with growing exchange presence across major platforms. PENGU just crossed 450 billion mindshare views and has joined LBank as a strategic brand partner starting August 7.

Pepe is another well-known internet frog character-based memecoin. With a massive circulating supply built for a low unit price and a large, highly active holder community, PEPE has deep liquidity with over $156M in 24-hour volume. It now has 571,613 holder wallets on Ethereum, the second-largest memecoin by holder count.

Floki first launched on the ETH blockchain but has since grown into a wider multi-chain brand. Its team confirmed that Valhalla remains a top strategic priority going forward. Floki marked Ethereum's 11th birthday this week and highlighted its cross-chain presence beyond just the ETH blockchain.

ApeCoin is the governance and utility token behind the Bored Ape Yacht Club ecosystem. It features deep ties to a major NFT brand and community, with active DeFi integrations across multiple chains. ApeCoin can now pair with tokenized real-world assets on Robinhood Chain, unlocking new yield options.