"Meme Coin Crash: Dogecoin Plunges, Trump's Coin Drops 92%

Amidst the recent volatility in tech stocks, several viral meme coins have experienced significant declines. Dogecoin (DOGE), a favorite of Elon Musk, dropped to its lowest point this year, falling below $0.31 and losing around 30% of its value from its 2025 high. Similarly, Donald Trump's meme coin also plunged to $25, a dramatic 92% drop compared to its peak value just last week.

However, the current market conditions have also presented opportunities for low-cap cryptocurrencies with actual utility. Two notable examples are Wall Street Pepe (WEPE) and Solaxy (SOLX).

Wall Street Pepe (WEPE) has already raised an impressive $62.2M on presale, signaling positive times ahead for the coin. Currently priced at $0.0003665, WEPE's price is expected to rocket after it attracts mainstream attention. Being listed on Binance could even result in a sharp increase exceeding 3,000%. Additionally, Donald Trump's advocacy for Bitcoin and promise to ease US crypto regulations could further boost WEPE's prospects. Unlike other viral meme coins, WEPE offers more than just a pretty face; it provides token holders with insider crypto insights and the chance to win extra tokens by sharing successful trading tactics. Moreover, 15% of WEPE's total supply is set aside for these trading rewards, and an additional 12% is allocated for passive income through staking.

Solaxy (SOLX) is the linchpin of the first-ever Solana Layer-2 network, Solaxy, which is designed to resolve some of Solana's pain points, such as failed transactions, network congestion, and scalability limitations. Although Solana is already a go-to network for meme coins due to its ability to roll out 1,504 tps (transactions per second), it's not without its issues. Solaxy merges the benefits of Solana and Ethereum to create a blockchain layer that's quicker, more secure, and more efficient overall. With other blockchain networks catching up with Solana's speed, upgrades like Solaxy couldn't come at a better time. The presale for SOLX has already raised a considerable $15.6M, and the ability to stake tokens for 254% rewards is contributing to its success.