Next Memecoins to Explode, May 24 – Dogecoin, Bonk, Shina Inu

Highlights:

• The crypto market has dropped 3.03% as US tariff threats hit investor sentiment across major digital assets.
• The memecoin market is down 7.5%, but Dogecoin has gained support from the new Solana bridge integration.
• Bonk is showing a bullish breakout while the SHIB burn rate rises, boosting the long-term price outlook.

The overall crypto market value is down today by 3.03% to $3.41 trillion in the past 24 hours. However, the trading volume has increased 1.45% to $158.64 billion. The recent bullish rally has been cut short by macroeconomic factors as the United States threatened 50% trade tariffs on the EU. Despite the pullback, the fear and greed index remains in the greed zone and stands at an index of 67.

Most of the top 20 cryptocurrencies are also bleeding in the red zone in the daily chart, with Bitcoin leading the way. Bitcoin is down 2.41% and is trading at $107,827 after hitting a new ATH of over $111,000. The memecoin market has followed the broader crypto market and is down 7.5% to $75 billion after a major rally recently. As macroeconomic factors come into play, these are the next memecoins to explode.

Next Memecoins to Explode

1. Dogecoin (DOGE)

The largest memecoin by market cap is trading at $0.2271, a 6.64% decrease in the past day. In addition, the trading volume has decreased 1.62% to $2.77 billion. Meanwhile, the market cap stands at $33.93 billion. Meanwhile, the coin has gained 4.41% and 30.89% on the weekly and monthly charts, respectively.

Despite the correction in the wider market, DOGE is expected to continue rising due to its real-world use cases. Psy, formerly QED Protocol, has launched a trustless bridge between Dogecoin and Solana. The bridge brings Dogecoin’s proof-of-work security to Solana’s blockchain.

#SOL #DOGE
Sentiment: positive 🟩

Psy Protocol Launches First Trustless Bridge Connecting $36B Dogecoin to Solana Network
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Summary: Psy Protocol launched a trustless bridge connecting Dogecoin to the Solana network, enabling direct transactions… pic.twitter.com/awffuZfSXZ

— VOICE LARK (@voicelark) May 23, 2025

It allows both blockchains to verify each other’s transactions without third-party trust. Therefore, Solana and Dogecoin can now communicate directly and securely. The bridge unlocks new opportunities and is expected to drive more users to the Dogecoin community. In a related update, Dogecoin is now on Solana through Wormhole as users no longer need wrapped DOGE versions. Wormhole uses zero-knowledge proofs and Native Token Transfers to ensure secure cross-chain DOGE transfers.

2. Bonk (BONK)

Bonk, the first dog-themed memecoin on the Solana blockchain, is trading at $0.00002146, with a 7.40% decrease in the past 24 hours. The market cap stands at $1.7 billion, while the trading volume is up 18.84% to $739.68 million. The Solana-based coin has gained 51.31% on the monthly chart.

According to popular analyst CRYPTOzz, Bonk has broken through a bullish pennant on the 12-hour timeframe. The pattern signals a possible breakout, and the current price action leans bullish with higher lows forming support.

#bonk/usdt has successfully broken through a bullish pennant on the 12-hour timeframe🔍

Keep growing📈

👇Crypto Traders-join Telegram👇 https://t.co/4ApYM0VIA5
. pic.twitter.com/6O6YijAV3V

— Whales_Crypto_Trading 🐋 (@WHALES_CRYPTOzz) May 24, 2025

Price broke slightly above the triangle’s upper trendline. This signals the beginning of a breakout. The Ichimoku Cloud supports the move with a thin green cloud underneath the price. This shows that support remains intact. If the breakout continues, the next target lies near $0.00002920. If the price pulls back, the triangle’s top trendline may now act as support. The high-volume area below may also cushion any decline. So far, the structure remains bullish and intact.

3. Shiba Inu (SHIB)

SHIB is trading at $0.00001445, representing a 6.73% decrease over the last 24 hours. The market cap stands at $8.51 billion, and the trading volume has decreased by 5.02% to $380.63 million. Moreover, the coin has gained 0.48% in the past week and 9.65% in the past month.

Despite the small correction in price, SHIB has continued with its token burn this week. The community burned over 1.1 billion SHIB tokens in the past week, representing a 4.18% increase in burn. The burn process entails transferring the tokens to dead wallets, which removes them from the total circulating supply. The community hopes to make the coin rare by limiting supply. The limited supply will increase the price in the long term.

Shib Torch – May 23, 2025

Community Burn Portal
Trigger and watch tokens get burned.

🔥 Total SHIB Burned: 1,109,657,820 SHIB
📈 Change from Last Week: +4.18%

Recent Burns:
• 14,388,459.68 SHIB — 2025-05-23 14:35 UTC

• 15,106,880.28 SHIB — 2025-05-21 07:00 UTC pic.twitter.com/MGhtpdU5LL

— Shibarium Updates 📢 (@Shibizens) May 23, 2025