Next Memecoins to Explode, May 31 – Bonk, Floki, Brett

Highlights:

• BONK breaks the bullish pennant and holds key support with volume rising and a target near 0.00000650 USDT.
• FLOKI gains exposure with a TV campaign featuring its game Valhalla despite the market trading lower.
• BRETT forms a bullish wave setup with strong support zones and a potential rally to 0.22000 USDT.

The memecoin market is on a downtrend today, and most of the top ten memecoins are trading in the red zone today as of press time. The market is down 12.4% to $62 billion after a strong recovery in the past few days.

The overall crypto market value is down today by 3.11% to $3.24 trillion in the past 24 hours. However, the trading volume has increased 8.82% to $148.71 billion. The fear and greed index has shifted from the greed zone and stands in the neutral zone at an index of 55. Most of the top 20 cryptocurrencies are also bleeding in the red zone, with Bitcoin leading the way. A bearish market offers the best time for investors to enter the market, making these the next memecoins to explode.

Next Memecoins to Explode

1. Bonk (BONK)

The Solana-based memecoin is trading at $0.00001572, a 12.60% decrease in the past day. Its trading volume has increased by 9.10% to $323.22 million, while the market cap stands at $1.24 billion.

According to CRYPTOzz, Bonk has successfully broken through a bullish pennant on the 12-hour timeframe. BONK formed a bullish pennant after a strong breakout in November. Buyers continued to step in at higher lows. Sellers failed to push the price below the rising trendline. The chart shows tight consolidation near 0.00000390 USDT. Strong support lies between 0.00000360 and 0.00000390 USDT. The volume shows steady accumulation with no clear exit signals.

#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/VlFUQ7BMHf

— Whales_Crypto_Trading 🐋 (@WHALES_CRYPTOzz) May 31, 2025

The price holds above the Ichimoku cloud, which signals bullish strength. The point of control sits near 0.00000375 USDT. BONK now tests the breakout zone at the triangle’s tip. If bulls break above 0.00000430 USDT, BONK could rally to 0.00000650 USDT in the short term.

2. FLOKI (FLOKI)

The native token of the Floki ecosystem is trading at $0.00008050, a 13.16% decrease in the past day. Meanwhile, the trading volume has increased 3.57% to $146.37 million. The market cap stands at $774.85 million.

Despite the bearish mood in the market, the Floki ecosystem has made strategic partnerships that will increase the exposure of the coin. Recently, FLOKI announced a partnership with New to The Street for a three-month media campaign. The campaign will promote FLOKI’s crypto ecosystem. It will include TV interviews on Fox Business and Bloomberg TV.

📢 @RealFlokiInu $FLOKI Launches a 3-month national campaign with @NewToTheStreet to spotlight its groundbreaking Valhalla MMORPG and global mission to bring real-world utility to crypto. #Floki #FlokiFi #flokicoin #Memecoin #Crypto #tokenization pic.twitter.com/k3HQrS2DA2

— BNB Swap (@BNBSwap) May 30, 2025

The spotlight will feature FLOKI’s MMORPG game Valhalla. FLOKI will appear in two interviews monthly, reaching 219 million U.S. households. The campaign also includes digital billboards in Times Square. Ads will run 20 times hourly at the Reuters 42nd Street Billboard. The campaign aims to boost awareness and highlight the real-world utility of the Floki coin.

3. Brett Based (BRETT)

Brett is trading at $0.04951, with a 14.49% decrease in the past 24 hours. The market cap stands at $490.69 million, while the trading volume is up 0.85% to $52.57 million. Despite the bearish mood in the market, the coin stands among the next memecoins to explode.

BRETT is showing an Elliott Wave setup with a completed ABC correction on the daily chart. Wave 1 already started from the 0.01841 USDT bottom, and the price now pulls back into key Fibonacci zones. Support levels lie at 0.05450, 0.04635, 0.03942, and 0.03130 USDT.

$BRETT: The chart appears to be forming a larger ABC structure to the upside. The most recent move was a clear 5-wave impulse, suggesting a possible 1-2 setup is developing, potentially setting the stage for a wave-3 breakout.
Wave-2 support is located between $0.0545 and… pic.twitter.com/A6SyFm4YMu

— Man of Bitcoin (@Manofbitcoin) May 30, 2025

Buyers may step in between the 0.5 and 0.618 levels. Wave 2 likely ends within this golden zone. The structure remains bullish while above the 0.01841 USDT low. If Wave 3 begins, the price could rally toward 0.22000 USDT or higher.