Memecoins Dogecoin, Bonk, and Pepe Plunge 73%, 65%, 64% from 2024 Highs

The memecoin market has been under sustained bearish pressure for most of 2025, with leading tokens including Dogecoin (DOGE), Bonk (BONK), and Pepe (PEPE) all showing significant pullbacks from their recent highs. Despite this, core memecoin supporters believe in the future of this class of digital assets, and most consider the falling prices an opportunity to accumulate more volumes of digital assets for potential profits.

Dogecoin, often referred to as the "Bitcoin" of the memecoin ecosystem, is the pioneer and most established memecoin by market capitalization. This leadership status confers an air of sentimental stability on Dogecoin, leading many crypto users to believe that a resurgence in the memecoin sector will begin with DOGE. At the time of writing, DOGE traded for $0.1625, reflecting a 73% drop from a 2024 high achieved seven months ago. Memecoin advocates believe the cryptocurrency will rebound and potentially surpass this price, considering it once achieved an impressive $0.7194 all-time high during the 2021 crypto market bull run.

Other memecoins like BONK and PEPE have shown similar behaviors, engaging in notable rallies and significant pullbacks, exhibiting the typical volatility associated with the digital asset class. This behavioral consistency boosts users’ hopes and makes them confident of a potential resurgence despite the current bearish pressure surrounding the ecosystem. For instance, BONK is experiencing a 65% drop from its yearly high after dropping from $0.00003986 to $0.00001369 in six months. The novel memecoin attempted a rebound in April but succumbed to bearish pressure following a crypto market pullback. However, memecoin analysts believe in the cryptocurrency’s future and expect the bull run to return.

PEPE displayed a trend similar to DOGE and BONK after tumbling from a $0.00002826 all-time high to trade for $0.00001001 at the time of writing. PEPE’s pullback coincides with the memecoin market trend, leaving a reassuring sentiment among users that a rebound is imminent. Hence, crypto analysts are caught between a complex decision of knowing which memecoin will lead the charge when the market resumes its upside movement.

Despite the challenges, certain memecoins have managed to capture the attention of the crypto community through increased social engagement and innovative branding. Dogecoin, the original memecoin, has seen a notable rise in social buzz, alongside other tokens like PEPE and MAGACOIN. This surge in interest has been driven by the community's enthusiasm and the unique branding of these tokens, which often resonate with the broader crypto audience.

Bonk, a Solana-based memecoin, has particularly stood out due to its dog-themed branding, which has drawn comparisons to other popular memecoins like Dogecoin and Shiba Inu. The token's high-speed transactions and strong developer ecosystem on the Solana blockchain have contributed to its popularity. Additionally, community votes to burn supply have added to its appeal, making it a notable player in the memecoin space.

The memecoin landscape is not limited to established tokens; new entrants are also making waves. Troller Cat ($TCAT), for instance, has garnered significant attention with its unique presale strategy and themed stages, each inspired by iconic internet pranks. The token's current price has seen a substantial increase, and its staking protocol offers a 69% APY, making it an attractive option for investors. Brett ($BRETT), another notable memecoin, has evolved into a cult favorite on the Base chain, known for its chaotic charisma and rapid growth. Its meme campaigns and high-speed, low-cost environment have contributed to its rising popularity.

Goatseus Maximus ($GOAT) combines Roman god aesthetics with animal memes, creating a unique and viral presence in the memecoin market. Its community-led approach and meme contests have helped it gain traction, while Just a Chill Guy ($CHILLGUY) has built a cult following by doing nothing—literally. Its laid-back approach and steady floor have made it a favorite among investors looking for a more relaxed investment experience. LOFI ($LOFI) taps into the aesthetic crypto crowd with its 24/7 streaming channel and digital vinyl NFTs, offering a blend of sound, sentiment, and staking.

Official Trump ($TRUMP) leverages political memes and controversy to maintain its relevance, while Test ($TST) has become a self-aware meta joke, launched accidentally and now a serious contender. Sudeng ($HIPPO) builds on food memes and inflation puns, with a growing NFT line and interactive community. Mubarak ($MUBARAK) plays off the opulence meme theme, attracting real money with its luxurious branding and NFT merch drops.

The memecoin market continues to evolve, with new tokens and strategies emerging to capture the attention of investors. While the overall market has faced challenges, the resilience and creativity of these tokens have kept the memecoin charge alive. As the crypto community continues to seek out the next big thing, memecoins like Bonk, Troller Cat, and Brett are leading the way, showcasing the potential for humor and culture to drive investment in the digital age.