The cryptocurrency market has witnessed a significant surge in recent months, with Bitcoin (BTC) reaching new heights and prompting other top cryptocurrencies like Ether (ETH), Solana (SOL), and BNB (BNB) to follow suit. However, despite this overall crypto boom, top memecoins have struggled to keep pace, with many experiencing significant declines in value over the past year.
Memecoins’ Struggle to Keep Pace
Bitcoin’s institution-driven rally has triggered a retail frenzy, with the cryptocurrency’s value increasing by over 32% in the past year. This surge has been reflected in the overall risk markets, led by a declining US dollar, and has also been driven by continued demand from spot ETFs and global companies based in the USA. In contrast, memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have fought to maintain their value, with declines of 20.20%, 41.41%, and 48.55% respectively over the same period.
BTC/USDT, ETH/USDT, XRP/USDT, SOL/USDT, and BNB/USDT service. Source: Tradingview
New Memecoins’ Launches Decline
According to Dune Analytics, the number of new memecoins launching on Solana-based platforms has dropped sharply since mid-2025. At the height of the memecoin mania, Solana was seeing almost 400 new meme tokens launch daily. This number had fallen to under 100 by the end of August, reflecting a decline in retail participation and speculative capital of over 75%.
Solana Memecoin Launchpads’ Daily Graduates chart. Source: Dune Analytics
Technical Setups Suggest Potential Rebound
Despite the current struggles of memecoins, some technical setups suggest that top memecoins like DOGE, PEPE, and Trump (TRUMP) may be due for a rebound in the fourth quarter of 2025. DOGE, for example, is forming a rising triangle pattern after dropping over 70% from its local high. A breakout above the upper trend line of the triangle near $0.28 could confirm a bullish continuation setup, targeting $0.41.
DOGE/USDT three-day price chart. Source: Tradingview
Similarly, PEPE is forming a similar wedge structure with a year-to-date target of $0.000022230, representing a 126% increase from current prices. Trump’s price is currently testing its multi-month descending trend line near $8.30-$8.35, aligned with the 20-day exponential moving average (EMA). A breakout above this zone could open the door to the $9.26-$10.75 range, with the 200-day EMA at the end of the year.
Trump/USDT daily price chart. Source: Tradingview
This article does not contain investment advice or recommendations. Every investment and trade movement involves risk, and readers should conduct their own research before making a decision. For more information, visit https://cointelegraph.com/news/bitcoin-crushing-memecoins-2025-can-doge-trump-rebound?utm_source=rss_feed&utm_medium=rss_category_market-analysis&utm_campaign=rss_partner_inbound
