Key Takeaways

• Trump Coin (TRUMP) is down 20% over two weeks and is unlikely to revisit its $40 high without renewed hype.
• BONK is attempting recovery with new gaming features but remains in a long-term downtrend.
• Dogwifhat (WIF) is testing the $1 mark after falling from $4, with hopes of a rally to $3.

TRUMP Faces Downward Pressure As Market Cools

TRUMP plunged nearly 20% over the past two weeks. At the same time, Solana (SOL) meme coins like BONK and Dogwifhat (WIF) are battling stagnation, trying to hold investor interest amid a cooling meme coin hype.

TRUMP Price Analysis

Source: CoinMarketCap

Trump Falters As Bears Take Control

Following a remarkable rally that saw it soar close to 1000x gains, Trump Coin has now retreated to a more modest price of $11.22. A pattern of lower highs suggests that bearish sentiment has taken hold, placing the token in a tight consolidation zone.

While some analysts anticipate a possible short-term bounce, a full return to TRUMP’s January peak appears increasingly unlikely under current market conditions. Without a clear catalyst or resurgence in political meme momentum, the token may remain trapped in a prolonged downtrend.

BONK Tries to Rebound, But Downtrend Persists

Once considered one of Solana’s flagship meme tokens, BONK is experiencing a rough patch. Its year-to-date (YTD) chart shows a steep 47% decline, with only a 3.5% rebound in the past 30 days.

BONK’s Price

Source: CoinMarketCap

To reignite user interest, the team behind BONK recently launched a kill-to-earn shooter game on the Solana network. This gamified approach aims to boost engagement through a play-to-earn model, potentially drawing in a new wave of players and investors.

However, despite the novelty, BONK is still far from the levels it once enjoyed. The token’s future depends heavily on the broader revival of meme coin sentiment.

Dogwifhat (WIF) Scrapes Past $0.98

Dogwifhat (WIF), another top Solana meme coin, is slowly climbing back after tumbling from a high of $4 per token.

Currently priced around $0.98, WIF is generating cautious optimism, especially as traders speculate on whether this modest recovery could evolve into a sustained bull run.

Price projections are starting to look favorable again, with many eyeing a return to $3 and beyond if market conditions improve. But WIF’s rebound still hinges on a broader return of investor enthusiasm toward meme coins, something that’s still in question.

FAQ

What is Trump Coin (TRUMP)?
Trump Coin is a politically-themed meme token that gained popularity earlier this year due to viral hype. However, it has since dropped significantly from its all-time highs.

Is BONK still a good investment?
BONK has potential, especially with its new play-to-earn features, but remains in a macro downtrend. It may only recover if meme coin hype returns in full force.

What makes Dogwifhat (WIF) unique?
WIF is a meme coin built on Solana with a strong community and previous highs of $4. It’s showing early signs of recovery and could benefit if the meme coin market rebounds.

Should I invest in meme coins now or should I wait?
As is always the case with any cryptocurrency, doing your own research is absolutely crucial. Meme coins, in particular, are even more volatile and unpredictable than mainstays like Bitcoin or Ethereum, and many turn out to be scams and potential rug-pulls waiting to happen.

In short, now is as good a time as any to invest in meme coins but knowing which ones to invest in is vital, as is knowing your own budget and risk appetite.