Memecoins Lose Momentum as Utility-Focused Altcoins Like Lunex Network Steal the Spotlight

Memecoins like Bonk and Pudgy Penguins are losing momentum despite their efforts to stay relevant in the crypto market. As investors lose interest in the meme coin space, utility-focused altcoins like Lunex Network are stealing the limelight with their innovative framework.

Memecoins like Bonk (BONK) and Pudgy Penguins (PENGU) are losing steam despite their attempts to stay relevant in the crypto market.

As investors lose interest in the meme coin space, utility-focused altcoins like Lunex Network (LNEX) are stealing the limelight with their innovative frameworks.

Here’s a closer look at how these tokens are faring and why traders are shifting their attention away from memecoins in Q1 of 2025.

Bonk Struggles to Regain Momentum Despite Major Token Burn Event

In late December, Bonk (BONK) burned 1.69 trillion tokens from its circulating supply in an attempt to trigger buying activity. While the move did lead to a brief rally, Bonk’s price quickly slipped back to its ongoing downtrend as market-wide turbulence grew.

Despite the burn event and Bonk’s team sharing plans to support projects building on Bonk’s ecosystem to create value streams and additional utility, none of these efforts have been enough to spark sustained investor interest.

Bonk is currently trading at $0.000015 after a weekly decrease of 10%. Bonk’s daily chart is flashing strong sell signals as the token is trading below its key Exponential Moving Averages. The Momentum indicator and MACD Level are also in the negative zone, hinting at further declines in Bonk’s price in the next few weeks. If the bearish dominance continues, Bonk’s price could crash to the $0.000010 support.

Pudgy Penguins (PENGU) Loses Momentum After Post-Launch Rally

Pudgy Penguins was set to compete with Bonk as it quickly became Solana’s largest meme coin by market cap after its debut. Pudgy Penguin’s price skyrocketed by 630% during its launch week in December 2024, but these gains were only short-lived.

Although Pudgy Penguin is still a newcomer in the meme coin market, the token seems to be losing investors with every passing day. Pudgy Penguins is currently trading at $0.0084 after over 65% of its valuation was wiped out over the last month alone.

Pudgy Penguins’ volume has also decreased by 22% during the last 24 hours, which supports the bearish thesis. Since Pudgy Penguins is already trading below its Exponential Moving Averages, analysts expect further declines in Pudgy Penguins’ price in the next few weeks.

Lunex Network (LNEX) Attracts Capital Inflows with More Real-World Utility Than Memecoins

Lunex Network is stealing the spotlight from meme coins in Q1 of 2024 by fostering integration between isolated blockchain networks. With the latest Web3 technology and a smart contract that has already passed a SolidProof audit, Lunex Network is revolutionizing cryptocurrency transactions.

Lunex Network’s ideology is to bring simplicity back to crypto trading with its interconnected ecosystem. Instead of targeting a specific subsector of the market like meme coins, Lunex Network is changing the way cryptocurrencies are traded across the ecosystem. With no KYC checks, automated market makers, or centralized governance, Lunex Network is giving traders the right to control the way they trade digital assets.

The best part about using Lunex Network is the top-notch security features. Every transaction is processed through the smart contract, making it completely immutable and 100% slippage-free. The unlimited liquidity allows traders to exchange thousands of tokens with tight spreads and fast execution without paying high gas fees.

Lunex Network is also giving away 200 exclusive Lunex cards to VIP-tier presale investors to offer more real-world utility than any other token in the market. This card allows traders to use their cryptocurrencies to make day-to-day payments anywhere in the world, bridging the gap between digital and traditional finance.

Considering Lunex Network’s impressive trading features and attractive staking rewards with up to 18% APY during the presale phase, LNEX’s current selling price of $0.007 is a massive steal. By becoming a VIP-tier investor right now, traders can maximize their gains by the end of 2025 as analysts are already predicting a total of 1800% returns for early adopters.

You can find more information about Lunex (LNEX) Network here:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.