- Bitcoinโs rally pushes prices above $125,000, reinforcing its leading role in the crypto bull market.
- Institutional interest continues to bolster mainstream cryptocurrencies like ETH, Solana, and BNB.
- Memecoins such as DOGE, PEPE, and TRUMP struggle, with some experiencing declines exceeding 80% year-to-date.
- The number of new memecoin launches on Solana has dropped over 75%, indicating declining retail speculation.
- Analysts see potential for a short-term revival in select memecoins in Q4, driven by technical setups and market sentiment.
Bitcoin’s continued ascent has extended its 2025 bull run, with prices surpassing $125,000 over the weekend. This rally has lifted major altcoins such as Ether, Solana, and Binance Coin in tandem, reflecting strong institutional backing and a broader adoption of blockchain assets. Investors cite the declining dollar and record inflows into Bitcoin spot ETFs as key catalysts supporting this rally.
Conversely, memecoinsโonce popular proxies for retail speculationโhave fallen out of favor in this bullish environment. Dogecoin (DOGE), which was once the flagship memecoin, has declined by over 20% this year, while others like Shiba Inu (SHIB) and Pepe (PEPE) have plummeted by 41% and nearly 49%, respectively. Smaller tokens such as Bonk on Solana and Trump (TRUMP), launched earlier this year, have seen dramatic drops, with TRUMP off more than 83% from its highs.
Drop in Solana Memecoin Launches and Retail Interest
The number of new memecoins minted on Solanaโs launchpads has sharply decreased since mid-2025. According to data from Dune Analytics, Solana was minting nearly 400 new meme tokens daily at the peak, which has now fallen below 100โa decline of over 75%. This trend signals waning retail participation and a shift in speculative capital towards more sustainable blockchain projects and prediction markets.
Market analysts note that retail traders are increasingly gravitating toward prediction markets, with weekly volumes on platforms like Polymarket and Kalshi significantly outpacing memecoin minting activity. This indicates a maturation of retail preferences within the crypto space, favoring prediction-based speculation over meme projects.
Potential Resurgence of Memecoins in Q4
Despite their current decline, some memecoins are showing signs of technical recovery. DOGE, after dropping over 70% from its recent highs, is forming an ascending triangle pattern. A break above its upper trendline at roughly $0.28 could propel DOGE toward $0.41 by year-end, signaling a bullish continuation.
Similarly, PEPE is consolidating within a bullish reversal pattern, targeting a potential year-end price of $0.00002230, which would mark a 126% increase from current levels. TRUMP is testing resistance around $8.30โ$8.35, with a breakout possibly pushing it toward the 200-day EMA and next resistance levels at $9.26โ$10.75.
Market observers suggest that while institutional momentum supports Bitcoin and Ethereum’s dominance, select memecoins may see a short-term revival fueled by technical patterns and market sentiment, offering pockets of opportunity for traders in the final quarter of 2025.
