Memecoin supporters believe that recovery is inevitable despite prevailing bearish pressure.
DOGE has decreased by 73% from the 2024 peak.
BONK and PEPE maintained a similar pattern to DOGE in 2025.
The memecoin market has been under sustained bearish pressure for most of 2025, with leading tokens including Dogecoin (DOGE), Bonk (BONK), and Pepe (PEPE) demonstrating significant pullbacks from their recent highs.
Nonetheless, major memecoin supporters believe in the future of this class of digital assets, and most consider the price drop an opportunity to accumulate more volumes of digital assets for potential profit.
Dogecoin (DOGE): market leader's correction
Dogecoin is the 'Bitcoin' of the meme ecosystem. It is the pioneer of memes and the most established among them by market capitalization. Such leader status gives Dogecoin an atmosphere of sentimental stability. Therefore, many cryptocurrency users believe that the revival of the memecoin sector will start with DOGE.
At the same time, DOGE was trading at $0.1625 at the time of writing, reflecting a 73% decline from the 2024 peak reached seven months ago. Memecoin supporters believe that the cryptocurrency will recover and potentially surpass this price, considering it once reached an impressive all-time high of $0.7194 during the cryptocurrency market's bullish rally in 2021.
On the topic: DOGE price forecast: what's happening with the price of Dogecoin?
Bonk (BONK): a 65% drop from the yearly high
Other memecoins like BONK and PEPE have shown similar behavior, participating in notable rallies and significant pullbacks. They exhibit typical volatility associated with this class of digital assets.
Such behavioral consistency reinforces user hopes and gives them confidence in a potential revival despite the current downward pressure on the ecosystem.
Related: PEPE, BONK, FARTCOIN, DOGE: individual catalysts increase the market capitalization of meme coins above 75 billion
For example, BONK is experiencing a 65% drop from its yearly high after falling from $0.00003986 to $0.00001369 over six months. The new memecoin attempted to recover in April but succumbed to bearish pressure after the crypto market pullback. However, memecoin analysts believe in the future of the cryptocurrency and expect the return of a bullish trend.
Pepe (PEPE): follows the general market trend
PEPE has shown a trend similar to DOGE and BONK after falling from an all-time high of $0.00002826 to $0.00001001 at the time of writing. The pullback of PEPE coincides with the trend of the memecoin market, leaving users with an encouraging feeling that a rebound is inevitable.
Thus, crypto analysts find themselves in a difficult situation trying to determine which memecoin will lead the movement when the market resumes its upward trajectory.
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