Meme Coin Carnage: PEPE, FARTCOIN, BONK Plunge 20% From Weekly Highs—Buy the Dip or Bail?

Meme coins are bleeding out. The sector’s poster children—PEPE, FARTCOIN, and BONK—just got gutted, shedding 20% of their value since last week’s highs. Retail traders are left holding bags while degens scramble for exits.

Volatility? More like gravity. These tokens rocket on hype, then crater when reality hits. No utility, no roadmap—just pure speculative frenzy. And yet, the cycle repeats every time crypto catches a cold.

Meanwhile, Wall Street still won’t touch this stuff with a 10-foot pole—unless they’re quietly front-running your trades, of course. Meme season isn’t dead… but it’s definitely wheezing.

In the recent run, PEPE reached a market cap of $4.5 billion, and Fartcoin briefly peaked near $2 billion. However, market data indicates that PEPE has dropped to $0.0000107, a 64% decline from its all-time high, while FARTCOIN and BONK have seen similar erosions, trading 34.7% and 75.2% below their respective peaks. 

This sharp correction has been attributed to large-scale whale movements, with a notable Pepe whale depositing 600 billion tokens ($6.04 million) to Binance on 18 June. 

Analysts point to a combination of factors driving this downturn, and the recent geopolitical tensions are one of the key reasons behind a broader crypto market sell-off. The increased volatility in the market has intensified pressure on meme coins, which often amplify market trends due to their speculative nature. 

The meme coin sector has historically been prone to rapid rises and falls, often fueled by social media HYPE and celebrity endorsements. However, the current drop signals a potential cooling-off period. 

Also read: sui price Fears Correction Amid Increased Bearish Trend!