The meme coin market has faced continuous downward pressure throughout most of 2025, with leading coins, including Dogecoin ($DOGE ) and Bonk ($BONK ), experiencing notable declines from their recent highs.
However, key meme coin supporters believe in the future of this class of digital assets, and most consider the price declines an opportunity to accumulate larger amounts of digital assets for potential profits.
Dogecoin (#DOGE ): Market leader rebound
Dogecoin is akin to 'Bitcoin' in the meme coin ecosystem. It is the leading and most established meme coin in terms of market capitalization. This leading position lends Dogecoin an air of emotional stability. Therefore, many cryptocurrency users believe that the recovery of the meme coin sector will begin with Dogecoin.
Meanwhile, the price of DOGE was trading at $0.1625 at the time of writing this report, reflecting a 73% decline from its all-time high achieved seven months ago in 2024. Supporters of #Memecoin believe that the cryptocurrency will recover and may surpass this price, considering it previously reached its all-time high of $0.7194 during the cryptocurrency market rally in 2021.
Related Topics: DOGE Price Prediction: What is happening to the price #Dogecoin ?
Bonk (#BONK ): 65% decline from its annual high
Other memecoins like BONK and #PEPE have shown similar behaviors, experiencing significant highs and massive declines. They display the usual volatility associated with the digital asset class.
This behavioral consistency enhances users' hopes and makes them confident in a potential recovery despite the current downward pressure surrounding the ecosystem.
Related: Pepe, Bonk, Vartcoin, Dog: Individual catalysts driving the meme coin market cap to over $75 billion
For example, Bonk has seen a 65% decline from its annual high after dropping from $0.00003986 to $0.00001369 in six months. The new meme coin attempted to recover in April but succumbed to downward pressures following a decline in the cryptocurrency market. However, meme coin analysts believe in the future of the cryptocurrency and expect a return of the bullish wave.
Pepe (PEPE): Following a broader market trend
Pepe has taken a similar direction to Dog and Bonk after dropping from its all-time high of $0.00002826 to trade at $0.00001001 at the time of writing this report. The decline of PEPE coincides with the meme coin market trend, reassuring users of an upcoming market recovery.
Thus, cryptocurrency analysts find themselves puzzled about which meme coin will lead the market when it resumes its rise.
