Meme-powered tokens like Official Trump and Bonk have lost their steam

Meme-powered tokens like Official Trump and Bonk have gained a lot of attention lately because of their ability to go viral

Meme-powered tokens, such as Official Trump and Bonk, have gained significant attention in recent times for their virality and ability to generate buzz. However, recent performance data indicates that both tokens might be cooling off.

Despite boasting large market capitalizations and dedicated communities, both tokens have encountered setbacks. Bonk has seen a 1,8 % drop in the past three months, while TRUMP has lost more than 25 % in the same period.

While the strength of community support cannot be underestimated, these declines might spark discussion regarding the sustainability of such tokens, especially in the ever-evolving crypto landscape.

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As of April 1, 2025, Official Trump (TRUMP) has a market capitalization of about $2.01 billion and trades at approximately $10.03. TRUMP has experienced a pullback from $13.48 to $10.03 in the past three months, which represents a 25.58 % decline.

However, stepping back to view a longer time period, TRUMP has seen an increase from $6.49 in April 2024, indicating a 54.59 % rise due to sustained investor interest.

The token hit an all-time high price point of $75.33 on January 17, 2025, and is currently trading at around 86.7 % below that peak.

Hence, TRUMP's performance is characterized by high volatility, which in turn provides the potential for greater returns should market mood shift the other way.

TRUMP is arguably the most famous meme coin and tends to sharply divide opinions but enjoys healthy community support. Short-term crypto traders may be more focused on the recent pullback, while long-term market participants may spot opportunities for a possible rally from current levels.

As of April 1, 2025, Bonk’s price now stands at $0.000011, and its market capitalization is approximately $889.52 million. In the past three months, BONK has experienced a decline of 18.00 %, falling from $0.0000134 on January 1, 2025.

However, it is still a strong contender in the top meme coin space, currently ranking #68 by market cap.

Furthermore, BONK attained an all-time high of $0.0059 on November 20, 2024, and is presently trading about 80.5 % below that level.

The figures suggest that Bonk might be slightly cooling off after its recent excitement.

Even though it may seem like performance is on a slump in the short term, Bonk is frequently a topic of discussion in any day crypto conversation, and it maintains a strong presence with its active community on social media. Compared to the typical, Bonk has a trajectory much like other meme coins—sharp spikes followed by consolidation.

For speculators and community-driven investors, there is still room for Bonk as a high-risk and high-reward bet in the current environment.

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