Meme Coins Are Still Alive – Here’s What’s Happening in the Crypto Market

Jakarta, Pintu News – The meme coin market is now entering a quieter period, reigniting the debate on whether the sector’s boom cycle is really starting to lose steam.

Popular tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB) have moved in a narrow range over the past few weeks, with trading volumes decreasing and volatility subsiding across most major trading pairs.

This slowdown has led to speculation that the glory days of memecoins are fading. However, a closer look at the market data reveals a different picture: speculative interest hasn’t completely disappeared-it’s actually shifted to smaller, faster-moving meme tokens, which are starting to show a pattern of movement independent of the general market trend.

Old Coin Memes Lose Momentum as Market Cools

DOGE and SHIB, which still dominate the meme coin market capitalization, are currently in a prolonged consolidation phase. Price movements are narrowing, spot market liquidity is decreasing, and fewer traders are pursuing short-term opportunities in these large-cap tokens.

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Dogecoin’s price experienced a sharp decline despite some bullish attempts, indicating a possible further decline towards an important support area around $0.13.

Meanwhile, SHIB and Pepe (PEPE) are also showing similar price movement patterns. The market capitalization of memecoin has dropped from a temporary peak of $59 billion to close to $43 billion, with trading volume touching around $5 billion.

Small Memecoins Start to Perform Better

While the prices of DOGE and SHIB are still stuck in a narrow range, a number of mid-cap and new-cap memecoins have started to show a divergence from the general market weakening trend.

These tokens continue to attract retail interest and exhibit clearer breakout patterns compared to the bigecoins:

• BONK (BONK) – has maintained stable liquidity and is one of the meme assets that still records consistent intraday spikes on the Solana-based DEX.
• PEPE – although volatile, PEPE continues to attract high social activity and is a top pick as the market enters a risk-taking phase.
• FLOKI (FLOKI) – has been able to maintain its trend better than other long-standing memecoins, supported by an active community campaign and recurring trading momentum.
• Dogwifhat (WIF) – still one of the strongest players in the Solana memecoin cluster, with periodic volume spikes despite general market weakness.
• Pudgy Penguins (PENGU) – is one of Solana’s newer native memecoins that is starting to gain attention, driven by a strong community and a short sharp rally.

Although these tokens have yet to fully enter a bullish phase, they are showing better resilience and more consistent trading activity than many of their competitors-an early sign that speculative liquidity is starting to move in.

Why is the Meme Coin Sector Not Over Yet?

Although the market in general is cooling down, there is no strong evidence yet that the memecoin trend has completely collapsed. Some structural factors still persist:

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• Retail activity is still ongoing, although it is now spread across more tokens.
• Visibility on social media remains high, with meme tokens still dominating trending topics of discussion on various crypto platforms.
• Volatility clusters on micro tokens are starting to reappear, which is usually an indicator that traders are anticipating the rise of speculative assets.

This pattern of fragmentation is similar to the early phases of previous meme cycles, where small tokens rallied first before market attention returned to large tokens.

Overall, meme coins are not dead-they are in transition. DOGE and SHIB are still in a consolidation phase, creating the impression that the market is stagnant, but activity within the sector tells a different story.

Speculative flows are now moving towards newer tokens that have higher momentum, keeping the category alive despite the main assets moving sideways.

For now, the memecoin market seems to be entering a selective phase, rather than a full-blown crash-with only a handful of new tokens driving most of the movement.

FAQ

What is a meme coin?

Meme coins are a type of cryptocurrency that are often inspired by popular internet jokes or memes. Popular examples of memecoins are Dogecoin (DOGE) and Shiba Inu (SHIB).

Why are Dogecoin (DOGE) and Shiba Inu (SHIB) consolidating?

Dogecoin (DOGE) and Shiba Inu (SHIB) experienced consolidation due to decreased trader interest and thinning market liquidity, resulting in more limited price fluctuations.

What causes small-scale memecoins to excel?

Smaller-scale memecoins are gaining ground as they attract retail fund flows and register clearer breakouts, suggesting a shift in investor preferences.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Are Memecoins Dead? Doge and SHIB Go Flat While New Tokens Show Strength. What’s Next? Accessed on November 20, 2025