Key takeout:

  • Bitcoin facility-led gatherings stand by the retail memokine.

  • Top Memecoin, Doge, Pepe and Trump show the potential for a short-term rebound in the Q4.

Bitcoin (BTC) expanded its 2025 bull market to a fresh high of over $125,000 over the weekend, consolidating and rising top altcoins like Ether (ETH), Solana (SOL), and BNB (BNB).

Bitcoin’s Record Rally as Memecoins Slump: Can DOGE, TRUMP Recover?
Performances for BTC/USDT, ETH/USDT, XRP/USDT, SOL/USDT, and BNB/USDT years. Source: TradingView

However, top Memecoin has failed to respond to the overall crypto boom this year.

Doge, Trump and other Memecoins slumps

Bitcoin has been winning more than 32% since the start of the year, reflecting the overall boom in the risk market, led by a decline in the US dollar. BTC also benefits from sustained demand from US-based Spot ETFs and global companies.

Bitcoin’s Record Rally as Memecoins Slump: Can DOGE, TRUMP Recover?
Spot Bitcoin ETFS cumulative flow. Source: Farside Investors

In contrast, Memecoin, once a proxy for retail speculation, struggled.

This includes not only the Sheeva Dog (Shibu) and Pepe (Pepe) who scored 41.41% and 48.55% in the same period, but also the Memecoin Leader Dogecoin (Doge), whose ratings were 20.20% a year.

Bitcoin’s Record Rally as Memecoins Slump: Can DOGE, TRUMP Recover?
Top 10 Memecoin (by volume) and daily, weekly, monthly and yearly performances. Source: Messari

Solana-based Bonk (Bonk) fell 32.80%, and the official Trump (Trump) token launched earlier this year has been soaked over 83% from its high. Isel crashed more than 96%.

Solana’s new Memecoin mint drops by over 75%

According to data from Dune Analytics, the number of new Mecoins graduates from Solana-based Launchpads has been declining sharply since July.

At the height of the mania in mid-2025, Solana was minting around 400 new meme tokens a day. By late August, that figure had plummeted below 100, reflecting a decline of more than 75% in retail participation and speculative capital.

Bitcoin’s Record Rally as Memecoins Slump: Can DOGE, TRUMP Recover?
Daily Graduates Chart by Solana Memecoin LaunchPads. Source: Dune Analytics

Data compiled by analyst Movietime Dune shows that cooldowns suggest a decline in retail interest in memokine, with traders increasingly shifting towards forecast markets.

Solana Memecoins has processed a volume of $864.8 million in the week of September 21-28, compared to $1.54 billion across forecasting platforms such as Polymarket and Kalshi.

Bitcoin’s Record Rally as Memecoins Slump: Can DOGE, TRUMP Recover?
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This is almost 1.8 times higher, highlighting the rise of competitive pitching opportunities with the institutional narrative has attracted retail attention from the Memocoin sector.

Will Topmemecoin be able to rise again in the fourth quarter?

Based on the technical setup, some Memecoins show signs of a late revival in the fourth quarter of 2025.

This includes Doge. This forms what appears to be a pattern of triangles that rises after exceeding 70% from the local high.

Bitcoin’s Record Rally as Memecoins Slump: Can DOGE, TRUMP Recover?
Doge/USDT 3-day price chart. Source: TradingView

Break out above the triangle top trend line near $0.28, and you can see a potentially bullish, continuing setup targeting a potentially $0.41, which will increase by 60% from current levels by the end of the year.

Related: How much higher is Doge Price when the first DogeCoin ETF comes live?

Conversely, breaks below the low trendline may send Doge Price to ascending trendline support, lined up with the 200-3D exponent moving average (200-3D EMA, Blue Wave) to around $0.195.

Another top volume memo coin, Pepe (Pepe), forms a similar bullish inversion structure, with its year-end target of $0.00002230, representing a 126% increase from current price levels.

Bitcoin’s Record Rally as Memecoins Slump: Can DOGE, TRUMP Recover?
Pepe/USDT 3-day price chart. Source: TradingView

Meanwhile, Trump prices are currently testing resistance from the popular descending trendline, close to $8.30-8.35, in line with the 20-day EMA.

Bitcoin’s Record Rally as Memecoins Slump: Can DOGE, TRUMP Recover?
Trump/USDT Daily Price Chart. Source: TradingView

Break out above this zone will open the door to a FIB retracement range of $9.26-10.75 (the latter will work with the 200-day EMA (The Blue Wave).

Without cleaning the resistance, another pullback to the $7.30 accumulation zone is at risk.

This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.