The aggregated value of meme coins, as tracked by CoinMarketCap, has dropped to $88.3 billion in the past 24 hours as the market sell-off has impacted this segment the most.
This is the first time that this figure has moved below $90 billion in the last 30 days, indicating the significant downward pressure that digital assets are experiencing ahead of a critical Federal Reserve meeting.
Notable decliners include Pepe ($PEPE), whose price is retreating by 15.5%, while other tokens with market caps above $1 billion like Bonk ($BONK) and Pudgy Penguins ($PENGU) are also seeing sharp drops of 14.3% and 15% in the past day.
Donald Trump’s official meme coin, Official Trump ($TRUMP), is displaying some resilience as it is dropping by only 8.4%. However, the token has experienced a 45.4% decline in the past 7 days and it is currently trading 64.5% below its all-time high of $75.35 per token.
Meme coins had a great year in 2024 as tokens like Pepe ($PEPE) and DogWifHat ($WIF) delivered significant gains to investors. However, analysts believe the most upside in 2025 could come from the best crypto presales in the market.
Dogecoin (DOGE) Hits Critical Support Area – Can it Bounce Back?
The price chart above shows that Dogecoin’s decline today has not broken the $0.30 support level.
Compared to other meme coins, DOGE has experienced a milder decline compared to other tokens since the year started, booking a 0.12% loss during the first 27 days of 2025.
Although the MACD has sent a sell signal, this critical support area will determine if today’s drop will extend or if this may just be a false positive. In addition, DOGE is trading above the 200-day exponential moving average (EMA), which means that the trend still favors a bullish outcome in the near term.
If today’s rebound results in a full-blown recovery, we could see the price surging to around $0.36 per coin in the next few days as DOGE may retest the prior trend line support, which has now been turned to resistance.
Other than DOGE, new crypto coins like Solaxy ($SOLX) could deliver significant gains this year. The tailwinds that lifted the price of meme coins in 2024 are still in play this year and may be even stronger now that Donald Trump has provided tangible evidence that he intends to make America “the capital of the crypto world.”
The launch of his official meme coin is considered a landmark moment for the entire category as it was a credibility boost. It also signaled that Trump intends to include this type of digital asset in his pro-crypto regulatory agenda.
Solaxy ($SOLX) Stands Out as Best Crypto to Buy in 2025
Solaxy’s ($SOLX) presale event keeps raising capital as investors believe in the project’s ability to solve the congestion issues that plagued the Solana blockchain during the launch of $TRUMP and $MELANIA.
Since the presale started back in December, Solaxy has raised $15.4 million to develop and deploy its layer-two scaling network for Solana. The developing team proposes to reduce the mainnet’s burden by bundling transactions in parallel before sending them to the blockchain.
Aside from the huge upside potential that $SOLX offers to early buyers, its staking rewards currently stand at 256%. Investors who contribute their tokens to secure the L2 protocol will start to earn additional tokens right after the claim date.
This project has been audited by the German blockchain security company Coinsult to error it has no coding errors.
To buy $SOLX, head to the Solaxy website and connect your wallet. You can convert USD, BNB, or ETH tokens or use a bank card to make your investment.
The best meme coins of 2024 are all dropping sharply this year, but Solaxy has emerged as one of the most promising new crypto coins as it solves a critical issue for Solana. Don’t miss out on this opportunity.
