- Meme Market Slumps – FARTCOIN, PENGU, and BONK all dropped, showing broad weakness in meme coins.
- FARTCOIN Nears Breakdown – Down 8.2%, it’s close to breaking key support at $0.9784.
- BONK Holds Firmer – With a smaller 4.1% drop, BONK shows relative stability but remains under pressure.
The meme coin market saw sharp declines today, with FARTCOIN, Pudgy Penguins ($PENGU), and BONK recording significant losses. Market data shows that these tokens, often driven by community hype and speculative interest, failed to hold critical price levels during today’s session. Although volatility is common in the meme coin sector, today’s coordinated downturn reflects increased selling pressure across the category.
FARTCOIN Slides Below Key Support Levels
FARTCOIN, a meme cryptocurrency that gained attention for its humorous branding and mostly driven by community hype rather than utility, recorded the largest intraday drop among meme tokens. FartCoin has fallen 8.2% bringing its price to $1.06.
The price of the token came close to $0.9784, but it didn’t go any lower, remaining above this line. For the day, the coin fluctuated between $0.9784 and $1.19 which suggests there was high volatility in a tight band. The coin dropped steadily over the previous 24 hours and buyers have not been able to return above the resistance level at $1.19.
Pudgy Penguins ($PENGU) Market Cap Drops Sharply
PENGU is a meme token of the Pudgy Penguins NFT series. It connects the NFT brand to a cryptocurrency, allowing fans to trade and support the project. Following the same pattern, Pudgy Penguins ($PENGU) had a loss of 8.16% in price in the past 24 hours. The token is now trading at $0.01021, placing it at #101 in the meme token category. The largest alteration was in its market capitalization, which decreased by 8.6% to $641.87 million.
This drop suggests a retreat in investor confidence, especially as PENGU struggles to maintain its price stability. However, the token did not fall outside its expected range and still remains above earlier weekly lows. Traders continue to monitor whether it can recover or will face additional downward movement.
BONK Declines Moderately, Still Feels the Pressure
BONK is a meme coin created on the Solana blockchain. It’s known for its community-first approach and wide token distribution. BONK often moves with market sentiment and social media trends. Unlike FARTCOIN and PENGU, BONK experienced a smaller daily decline but still followed the broader meme coin trend. It registered a 4.1% drop, bringing its current price to $0.00001689.
Although the loss appears modest compared to others, BONK’s placement at rank #79 indicates it remains under pressure. The lower volatility relative to FARTCOIN may suggest firmer support levels, yet the ongoing decline highlights how meme tokens remain sensitive to market shifts.
All three tokens, despite different price ranges and market caps, moved in tandem—reflecting a coordinated downturn across the meme coin segment.
