Five Memecoins, Five Different Stories: From Wallet Updates to Treasury Losses

Five memecoins – Dogecoin, Shiba Inu, Pepe, Bonk, and Floki – enter November with various reasons for attention. According to CoinGecko as of October 29, 2026, the market capitalization of Dogecoin is about $12.2 billion, Shiba Inu is $2.85 billion, Pepe is $2.07 billion, Bonk is $267 million, and Floki is $224 million. The same influx of money affects the large and small markets differently.

Dogecoin

MyDoge V3 is available on iOS and Android: exchanges and access to DogeOS have been added. This expands access, but long-term demand depends on what users do after opening the app: exchange does not require holding more DOGE, and the campaign attracts those who leave after rewards. The DogeOS testnet does not show how much real money will come and how much fees the network will collect after launch.

Shiba Inu

The entry to Solana through Sunrise adds a new route to SHIB, but part of the activity is the transition of existing holders between platforms. For cross-chain access, the right asset, a working redemption route, and liquidity during a sell-off are important. Separately, there is recovery after the Shibarium bridge incident: a new listing does not close old obligations.

Pepe

In the 24 hours of October 29, the volume of PEPE was about $823 million – more than Dogecoin (about $472 million), with a much smaller market capitalization. Turnover does not indicate the number of buyers and the holding period, and daily volume is not equal to liquidity: a large sale can shift the market.

Bonk and Floki

Bonk has over 1.1 million holders and more than 400 integrations according to the website. More importantly, does the service require the purchase of BONK? After losing about $20 million in treasury through a governance proposal in July, questions about spending control have become part of the picture. Valhalla for Floki is already launched: repeat visits and spending after tournaments are important, and the connection with FLOKI depends on whether payments require the token.

General Background

On October 28, the Fed left the rate at 3.75–4%. With high yields, investors are less inclined to hold speculative positions through losses: memecoins rise and fall together with changes in risk appetite.