Wednesday 6 May 2026 – SKYAI posted one of the week’s biggest moves in crypto, surging 235% to about $0.78 and pushing its market capitalization to nearly $783 million. The token also hit a fresh all-time high earlier today and now ranks among the five largest meme coins by market cap, just behind Pepe.
The move lands as risk appetite returns to the meme coin market more broadly. Over the past week, dogwifhat has gained 27%, Dogecoin is up 10%, and Bonk has added 8.5%, underscoring continued trader demand for high-beta meme exposure.
That backdrop is also lifting attention on new dog-themed launches. Maxi Doge (MAXI), a presale project tied to the same meme trade, has raised close to $4.8 million as investors look for early-stage entries while the segment remains active.
SKYAI’s 235% weekly jump was accompanied by more than $284 million in 24-hour trading volume, a sign of how quickly capital is rotating into meme tokens as momentum builds. The scale of the move also highlights the speed and instability that still define this corner of the market.
On-chain investigator ZachXBT said SKYAI appears to fit a pattern he associates with insider-driven manipulation on centralized exchanges. He added that these setups often end badly and are “not worth it” for retail participants chasing fast gains.
Obviously another market manipulation scheme on CEXs by insiders.
There’s multiple of these scam tokens per month (SkyAI, Lab, etc).
Not worth it for people to trade them.— ZachXBT (@zachxbt) May 2, 2026
In a follow-up comment, ZachXBT said his attention remains focused on higher-priority threats, including activity linked to North Korea, home invasion robberies, social engineering operations, and pig butchering scams, limiting his ability to investigate every questionable token in depth. Even so, his comments put SKYAI firmly on watch for traders assessing the sustainability of the rally.
Besides AI like SKYAI, Dog-Themed Meme Coins Continue to Outperform
Despite the scrutiny around individual tokens, the broader meme coin market has remained firm. The dog-token subset has produced a string of weekly gains, while the overall meme coin sector has climbed 33% over the past month to just under $40 billion in market capitalization.
For traders, that matters because it suggests the current move is not isolated to a single name. Instead, capital is spreading across established meme coins and into newer projects attempting to position themselves around the same narrative.
Maxi Doge Uses Market Momentum to Build Presale Demand
Maxi Doge (MAXI) is one of the projects benefiting from that rotation. The token leans into a dog-meme identity built around degen trading culture, pairing its branding with features the team says include daily staking rewards at a 65% APY rate, community contests for top ROI performers, futures platform partnerships, and a Maxi Fund aimed at boosting visibility and growth.
One pump to rule them all. pic.twitter.com/RBS7kbLRtW
— MaxiDoge (@MaxiDoge_) May 5, 2026
The presale has now raised more than $4.76 million. MAXI is priced at $0.00028170 in the current round, with another increase scheduled later this week. The roadmap outlines a degeneration-themed rollout that includes broader marketing efforts as well as planned DEX and CEX listings.
In practical terms, the pitch is straightforward: give buyers exposure to the dog-token trade through a presale structure, while adding staking and community incentives beyond pure price speculation.
How MAXI Can Be Bought
Investors can go to the official Maxi Doge presale website and connect a wallet to swap ETH, BNB, USDT, or USDC for MAXI. The project also allows purchases by bank card.
Mobile users can buy through the Best Wallet app, available on the Apple App Store and Google Play. MAXI is listed in the app’s “Upcoming Tokens” section through the wallet’s presale integration.
At the current price of $0.00028170, buyers can also access staking rewards distributed daily through smart contracts at an APY of around 65%.
Project updates are available by following Maxi Doge on X and joining the Telegram group.
Visit Maxi Doge Token.
The post SKYAI Jumps 235% as Meme Coin Trading Heats Up; Maxi Doge Presale Nears $4.8M appeared first on Cryptonews.
