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Junior Content Creator
Harvey Hunter
Junior Content Creator
Harvey Hunter
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Why Trust Cryptonews
The post-inauguration wave of meme coin mania appears to have fully unraveled, with the market now slipping deeper into bearish territory.
Leading meme coins such as TRUMP, FLOKI, and DOGE have dropped lower today — down 11.8%, 10.74%, and 8.14% in the past 24 hours, remaining far below recent highs.
Despite a brief slowdown in selling pressure, last week’s decline has continued into today, with no clear signs of a decisive bottom forming yet.
While speculators may be quick to call a bear market, recent tremors are likely credited to wider fundamental concerns.
As the bull market matured and wider economic and geopolitical concerns—such as President Donald Trump’s “tariff war” and recent conflict between NATO allies—came into play, meme coins have suffered.
However, according to CEX.io exchange lead analyst Otychenko, the non-stop launch of new meme tokens shows that meme coin mania is not slowing down.
Around 50,000 meme coins are created daily on the Solana-based launchpad Pump.fun, “a pace that has remained strong over the past month,” he said, speaking with Cryptonews.
Sentiment towards meme coins has not changed, but liquidity is lapse with recent uncertainties.
Dogecoin Chart Shows that Meme Coins Could Make a Comeback if This Happens
As the market leader, Dogecoin (DOGE) is often regarded as the Bitcoin (BTC) of meme coins, making its price action a key indicator for the broader meme coin market.
Its recent decline appears to have bottomed out at the $0.20 support zone, aligning with the breakdown target of a previous ascending triangle pattern.
More so, the Relative Strength Index (RSI) is starting to rebound after reaching deep oversold territory at 25—a sign that selling pressure has been exhausted.
A strong bounce from this level could confirm a local bottom and spark a new uptrend.
How to Make The Most of Bear Market Discounts
During the last wave of “meme coin mania” post-inauguration, those elusive 10-100x opportunities were seemingly everywhere.
If you missed out, Meme Index (MEMEX) gives you the chance to increase your exposure to such opportunities—taking advantage of bear market discounts.
The Meme Index introduces the world’s first decentralized meme coin index, offering a carefully curated selection of meme coins that balances high growth potential with effective risk management.
With four distinct baskets, investors can tailor their strategies to align with their goals, whether targeting steady growth or pursuing higher-risk, higher-reward opportunities.
The project is already gaining strong momentum with more than $3.8 million raised in its presale so far, helped by its high 592% APY on staking that rewards early investors.
Join Meme Index on X and Telegram to stay up to date on the latest announcements.
You can keep up with Meme Index on X and Telegram, or join the presale on the Meme Index.
