From DOGE to BONK: Who’s Leading the Memecoin Charge?

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.

Nevertheless, 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 is the “Bitcoin” of the memecoin ecosystem. It is the pioneer memecoin and the most established among the lot by market capitalization. Such leadership status confers an air of sentimental stability on Dogecoin. Hence, many crypto users believe a resurgence in the memecoin sector will begin with DOGE.

In the meantime, DOGE traded for $0.1625 at the time of writing, reflecting a 73% drop from a 2024 high that it 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. They exhibit 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.