{"id":137151,"date":"2025-05-27T23:29:09","date_gmt":"2025-05-27T23:29:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/137151\/"},"modified":"2025-05-27T23:29:09","modified_gmt":"2025-05-27T23:29:09","slug":"memecoins-tank-as-bonk-fartcoin-pengu-and-wif-lead-losses-bitcoin-to-blame","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/137151\/","title":{"rendered":"Memecoins tank as BONK, FARTCOIN, PENGU, and WIF lead losses \u2013 Bitcoin to blame?"},"content":{"rendered":"<ul class=\"ul1\">\n<li class=\"li1\">Top 10 losers in the market include memecoins like BONK, FARTCOIN, PENGU, and WIF<\/li>\n<li class=\"li1\">Analysis revealed that weak sector performance and the Altcoin Index have significantly influenced this decline<\/li>\n<\/ul>\n<p class=\"p1\">A review of the memecoin market sector highlighted a 5.59% drop across the board, at the time of writing. In fact, as the memecoin market fell, four leading tokens \u2013 <a href=\"https:\/\/ambcrypto.com\/predictions\/bonk-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">BONK<\/a>, FARTCOIN, PENGU, and <a href=\"https:\/\/ambcrypto.com\/predictions\/dogwifcoin-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">WIF<\/a> \u2013 emerged as the top losers.\u00a0<\/p>\n<p class=\"p1\">AMBCrypto has since analyzed the reason behind the fall in the memecoin market and where these assets could be heading next.<\/p>\n<p>Low sector and altcoin performance affects memecoins<\/p>\n<p class=\"p1\">Interest in memecoins has dropped significantly, when compared to the previous month.<\/p>\n<p class=\"p1\">According to Artemis\u2019s sector performance data, which tracks how each market segment performs through a weighted average, memecoins have seen a sharp decline lately.\u00a0<\/p>\n<p class=\"p1\">Memecoins, which rallied by 17.6% last month and ranked as the sixth-best performing segment, have now fallen behind.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/4F502F46-369E-446E-88B3-8A66821B49F1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-495689\" class=\"wp-image-495689 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1094\" height=\"497\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/4F502F46-369E-446E-88B3-8A66821B49F1.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-495689\" class=\"wp-caption-text\">Source: Artemis<\/p>\n<p class=\"p1\">Over the past 7 days, the sector has appreciated by just under 2%, with most of these gains seen over the last 24 hours.<\/p>\n<p class=\"p1\">This hinted at a lower liquidity allocation into the memecoin sector, contributing to the crypto\u2019s weak performance.<\/p>\n<p class=\"p1\">In fact, analysis indicated that this drop stemmed from liquidity flowing into the Bitcoin ecosystem, while the Altcoin Index fell on the charts.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/B8B10BC4-CC67-45AF-BC6D-F92B7A3E9500.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-495688\" class=\"wp-image-495688 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"775\" height=\"454\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/B8B10BC4-CC67-45AF-BC6D-F92B7A3E9500.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-495688\" class=\"wp-caption-text\">Source: CoinMarketCap<\/p>\n<p class=\"p1\">Here, altcoins refer to all tokens other than Bitcoin. The Altcoin Index tracks how this segment performs based on liquidity inflows.<\/p>\n<p class=\"p1\">When the index is low (As it is now, with a reading of 26), it implies less liquidity is entering the altcoin market and more is going into Bitcoin. Such a shift explains why Bitcoin continues to hold above $100,000 on the price charts.\u00a0<\/p>\n<p>How will these memecoins perform?<\/p>\n<p class=\"p1\">AMBCrypto analyzed each of these top-losing tokens to assess whether these assets will continue to fall or whether they will rebound.<\/p>\n<p>BONK \u2014 A two-way path<\/p>\n<p class=\"p1\">At the time of writing, BONK memecoin was trading on an ascending support line \u2013 A pattern that influences price in two possible directions.<\/p>\n<p class=\"p1\">Such a bullish scenario, as seen in previous instances, hinted at a rally each time BONK hits this support level.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/9699B2B0-3419-4AFD-B2BD-FD2154322375.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-495686\" class=\"wp-image-495686 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1281\" height=\"616\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/9699B2B0-3419-4AFD-B2BD-FD2154322375.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-495686\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<p class=\"p1\">This has happened three times so far, and BONK could repeat the pattern soon.\u00a0<\/p>\n<p class=\"p1\">However, in the bearish scenario, BONK could break south, reversing gains made since trading along the ascending line. In this case, BONK could fall to $0.00001405.<\/p>\n<p>Fartcoin \u2013 Follows a bullish\u00a0fractal pattern<\/p>\n<p class=\"p1\"><a href=\"https:\/\/ambcrypto.com\/fartcoin-faces-short-term-dip-yet-bulls-retain-control-how\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">FARTCOIN<\/a> has followed a fractal path since its April rally, forming higher highs (HH) and higher lows (HL).<\/p>\n<p class=\"p1\">These higher lows have aligned with key support levels, with the same acting as catalysts for past rallies.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/D46BC262-7A54-43DB-B72E-A675D3A6823C.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-495687\" class=\"wp-image-495687 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1281\" height=\"616\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/D46BC262-7A54-43DB-B72E-A675D3A6823C.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-495687\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<p class=\"p1\">If the press time candlestick closes above the support line, a new higher high may be on the horizon for the memecoin.<\/p>\n<p>PENGU \u2014Weak trading activity<\/p>\n<p class=\"p1\">Finally, <a href=\"https:\/\/ambcrypto.com\/pengu-bounces-off-key-support-is-0-020-back-in-sight\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">PENGU\u2019s performance<\/a> was weak at press time. It seemed to be consolidating at the lower support level of a symmetrical triangle.<\/p>\n<p class=\"p1\">Although it entered the support zone of this channel, the price reacted slowly and failed to make a notable move north on the charts.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/E37E1181-E0B9-47CA-81AB-B2B83ECA7544.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-495684\" class=\"wp-image-495684 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1281\" height=\"616\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/E37E1181-E0B9-47CA-81AB-B2B83ECA7544.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-495684\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<p class=\"p1\">Typically, this pattern should trigger a quick rally to $0.015 and then, $0.017.<\/p>\n<p class=\"p1\">However, given the prevailing price action, the memecoin may continue consolidating without significant gains.<\/p>\n<p>WIF \u2014 Slight rally, major drop<\/p>\n<p class=\"p1\">Bollinger Band analysis suggested WIF could see a brief rally before a major decline.<\/p>\n<p class=\"p1\">At the time of writing, WIF had entered the middle band and moved north towards the upper band (marked in red).<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/B0530A7A-0EB8-413C-9F13-192664A4C5E1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-495685\" class=\"wp-image-495685 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1281\" height=\"616\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/B0530A7A-0EB8-413C-9F13-192664A4C5E1.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-495685\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<p class=\"p1\">If the upper band acts as resistance, as it often does, the memecoin could trend lower \u2013 Potentially falling to $0.764 and marking a 41% decline.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/bitcoin-closes-in-on-113k-but-is-a-short-term-cooldown-coming-up-next\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">Bitcoin closes in on $113K, but is a short-term cooldown coming up next?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Top 10 losers in the market include memecoins like BONK, FARTCOIN, PENGU, and WIF Analysis revealed that weak&hellip;\n","protected":false},"author":2,"featured_media":137152,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-137151","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114582399688399524","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/137151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=137151"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/137151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/137152"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=137151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=137151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=137151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}