Memecoin Volatility: FLOKI, PEPE, BONK Face Losses and Lull, Traders Eye Retail FOMO for Next Surge
Top memecoins FLOKI, PEPE, and BONK have experienced notable volatility and significant losses, highlighted by a pronounced downturn on May 31, 2025, when leading meme tokens such as PEPE and BONK posted double-digit declines. FLOKI, down 67% over six months despite a recent 10.5% monthly gain, faces bearish pressure with resistance at $0.000145. PEPE, although up 38.44% over the past month, remains 56.76% below its six-month high, showing choppy price action and ambiguous trend direction. BONK saw a 9.24% decline this month, with its six-month drop at 66.38%, underlining persistent seller dominance. Other meme coins like Dogwifhat (WIF) and Floki (FLOKI) also fell out of the top 100 by market cap, plunging over 13%. Technical indicators across the board signal negative momentum and RSI readings near or below 45 for these memecoins, suggesting neutrality or oversold conditions. The revival of frog-themed, Mahmudov’s, and Solana-based memecoins appears unlikely in the short term without renewed retail interest. Both summaries highlight the overall meme coin sector losing 12% in capitalization, with Bitcoin (BTC) and Ethereum (ETH) also dropping amid a broader risk-off sentiment. Despite the current subdued trading environment, historical patterns show that retail FOMO can quickly trigger sharp rallies in memecoins. Crypto traders are advised to closely watch for breakout opportunities but remain cautious given the ongoing volatility, clear resistance levels, and the lack of strong bullish signals. A potential return of enthusiastic retail sentiment could ignite rapid price appreciation in FLOKI, PEPE, and BONK, underscoring their continued relevance for high-risk, high-reward trading strategies.
Bearish
The current news indicates persistent bearish sentiment for top memecoins FLOKI, PEPE, and BONK, with all three experiencing significant declines over the past six months despite some short-term gains. Technical indicators such as negative momentum and low RSI values reinforce a lack of strong bullish catalysts. Although historical FOMO-driven rallies are possible, present market malaise, clear resistance levels, and the dominance of sellers point to limited upside in the immediate future. Without a marked return of retail enthusiasm, these coins are likely to remain under pressure. Consequently, the overall impact on the mentioned cryptocurrencies is bearish in both the short and intermediate term, though traders should remain vigilant for abrupt sentiment shifts that could trigger rapid price action.