Memecoin Market Sees Red Monday, PEPE and BONK Lose Recent Profits, While DOGE Maintains Stable Performance

The memecoin market has seen a not-as-good Monday, with assets like Pepe and Bong losing part of their recent profits, while other coins like DOGE continue to maintain a stable performance throughout the week.

The memecoin market had a less favorable Monday, with some assets like Pepe and Bong shedding a portion of their recent gains, while others such as DOGE maintained a stable performance throughout the week.

$PEPE experienced a loss of 4.47% over the past 24 hours, currently valued at $0.00002023. Similarly, $BONK encountered a steeper decline with a 7.43% daily loss, trading at $0.00004847 at the time of writing, according to CoinMarketCap.

Despite Pepe and Bonk being among the day's biggest losers, the broader scenario remained optimistic. Both memecoins still emerged as the week's biggest gainers among the top 8 memecoins, making today's setback appear more "natural."

Meanwhile, the top memecoin by market capitalization, Dogecoin, remained largely unchanged with a 1.08% gain on November 18. Over the past few weeks, $DOGE has been one of the fastest-growing cryptos in the market.

Boosted by Elon Musk's involvement in Trump's campaign and the creation of a new government department named after Dogecoin, the first dog-inspired currency has seen an incredible 158% rise in the past 30 days.

$DOGE reached above the $0.42 zone four days ago and has now stabilized at $0.3717. Given the memecoin's close ties to the Trump administration, it will certainly be a currency to watch in the coming years.

Its fellow dog-inspired currency, Shiba Inu, is among the top losers of the week among all top 10 memecoins. Over the past seven days, $SHIB has declined by 9.85%, making it one of the only joke-inspired cryptocurrencies at a deficit during that timeframe.

The reason for $SHIB lagging behind all other memecoins remains uncertain. There have been reports of crypto whales moving SHIB to other wallets. However, on the monthly charts, $SHIB is still bullish at a 30% increase.

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