- Meme coin market cap soars 8% to $75.5B despite sector volume dip; PEPE, BONK, DOGE lead rally
- PEPE shows bullish short-term holder shift (analyst Max); BONK follows classic Elliott Wave theory
- FARTCOIN displays strong technicals at $1.42; DOGE up 10% on low-volume accumulation signals
The meme coin market has turned significantly bullish in the past 24 hours as a wave of green swept across the most talked-about tokens–PEPE, BONK, FARTCOIN, and DOGE. The total meme coin market cap had by then soared more than 8% to hit $75.58 billion.
While the CoinMarketCap data shows the trading volume slid by 20% to $12.27 billion, the price action for these specific meme coins paints a different, more bullish picture: buyers are showing strong conviction, and meme coin sentiment appears to be heating up once again.
PEPE: Renewed Short-Term Holder Interest Signals Breakout Potential
PEPE has jumped 8% to trade at $0.00001429. The real buzz, however, is around its short-term holder dynamics.
Crypto analyst Max highlighted a significant reversal in the wallet activity of short-term PEPE holders–those who bought within the last 30 days.
According to Max, the PEPE short term holder growth is now trending upward after dropping for more than 4 months, signaling renewed interest and liquidity inflow–exactly the kind of environment where explosive rallies are born. Max concluded, “It looks ready to explode higher.”
BONK: Riding Strong Elliott Wave Momentum Higher
BONK has been another major gainer, climbing 14% to $0.00002430. Technical analyst ‘Man of Bitcoin’ believes BONK is following a textbook Elliott Wave structure from its recent lows. “The chart has formed a clear 5-wave pattern to the upside,” he said, suggesting the rally may not be over yet.
While some retracement might occur–with support between $0.0000172 and $0.0000111–a sustained break above $0.0000319 would confirm that BONK is entering a wave-3 move, typically the strongest and longest in a five-wave cycle.
If that plays out, BONK could be in for a significant upward continuation.
Related: ‘Fake’ Trump Memecoin Alert: Truth Social Sets Record Straight on Token Rumors
FARTCOIN: Parody No More; Bullish Technicals Point to Massive Rally Potential
Even among meme coins, FARTCOIN is a punchline-turned-phenomenon. The token surged 12% to reach $1.42, pushing further into uncharted territory. While it might have started as a parody, FARTCOIN’s technicals are substantially bullish.
The 20-day EMA at $1.20 now provides solid support, while the Relative Strength Index (RSI) sits at 66.48–just shy of the overbought zone. That suggests further upside could be limited in the very short term, but the trend remains decisively bullish unless key support is lost.
Dogecoin (DOGE): Original Meme Coin Flexes Strength on Accumulation Signs
Not to be left behind, DOGE–arguably the original meme coin–soared nearly 10% to $0.2431. Curiously, this came despite a steep 39.36% decline in trading volume, indicating that the price move may have been driven by strong spot accumulation or large holders.
Crypto analyst Ali Martinez, in a post on X (Twitter), pointed to key levels for DOGE: “DOGE faces major resistance at $0.36, while the key support zone sits at $0.21.”
Related: Meme Coins Like PEPE, WIF, and BONK Outshine Tech Tokens in 2025
The current DOGE rally could stall if it fails to break this overhead resistance. However, successfully holding the $0.21 support will keep bulls in control of the original meme coin’s trajectory.
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