Next Memecoins to Explode, April 2 – SHIB, DOGE, BONK

Highlights:

• Shiba Inu sees significant burn activity, with over 115 million tokens removed from circulation.
• Dogecoin’s breakout above triangle resistance may signal a price rally toward $0.6533.
• BONK is showing bullish signals, with a potential breakout above key resistance levels.

Crypto prices are displaying mixed sentiment as the bulls and bears battle for control ahead of President Trump’s sweeping tariff plan announcements. The global market cap stands at $2.72 trillion, while the 24-hour trading volume declined slightly to $76 billion. However, the fear and greed index has climbed to 29 levels, indicating a fear sentiment in the market.

Amidst the mixed market sentiment, the memecoin sector has experienced a significant hit as most prices trade in the red. Its market cap and trading volume are at $48 billion and $5.80 billion, respectively. Here is a look at the next memecoins to explode, such as Shiba Inu, Dogecoin, and Bonk.

Next Memecoins to Explode

1. Shiba Inu (SHIB)

The second-largest memecoin, Shiba Inu, is trading at $0.0000123, down by 2.76% in the past 24 hours. Despite rallying above the $0.00001500 mark at the end of March, the bears have taken control, leading to a decline of 20% and 12% on the weekly and monthly charts, respectively. Moreover, the memecoin has a market cap and trading volume of $7.25 billion and $224 million, respectively.

The Shib burn rate increased by 12,000% as more than 115 million tokens were transferred out of circulation. Traders see heightened demand, which could position this asset as the next memecoin to explode. Overall, 410.72 trillion tokens have vanished while 584.35 trillion tokens are still available.

HOURLY SHIB UPDATE$SHIB Price: $0.00001241 (1hr 0.84% ▲ | 24hr -2.56% ▼ )
Market Cap: $7,309,312,210 (-2.66% ▼)
Total Supply: 589,252,374,218,381

TOKENS BURNT
Past 24Hrs: 115,890,322 (104201.39% ▲)
Past 7 Days: 1,168,759,205 (7.6% ▲)

— Shibburn (@shibburn) April 2, 2025

In addition to the impressive burn rate, the project’s Layer 2, the Shibarium chain, completed over one billion transactions. This can also be attributed to the increasing use of the network.

2. Dogecoin (DOGE)

The OG memecoin, Dogecoin, has seen a price surge of 0.20% in the past 24 hours, pushing the price to $0.1710. The memecoin has recently been subject to volatility, with the price dropping from $0.2200 to $0.1400. Its market cap and trading volume are $25.40 billion and $1.09 billion, respectively. 

In March, Dogecoin witnessed a huge accumulation among the whales, where they purchased more than 220 million DOGE. This activity pointed up increasing interest in the asset. In addition to this, Dogecoin has created higher lows which are important in technical analysis. This condition frequently leads to sharp movements in the past cycles according to analyst Javon Marks.

$DOGE (Dogecoin) is holding another set of Higher Lows and so far since its low, each time this has happened a surge in price to higher levels has happened!

With the target at $0.6533, prices can be setting up for the next wave in an over +270% run to reach & break above it. https://t.co/VJHPtfN3gb pic.twitter.com/T9UE0d9mwI

— JAVONMARKS (@JavonTM1) April 1, 2025

The analyst added that the upward surge is backed up by a breakout above the triangle pattern’s resistance levels. Therefore, there is a possibility to continue the growth towards $0.6533. The structure of DOGE corresponds to the bullish patterns that have preceded the main rallies. The analyzed chart patterns indicate that Dogecoin could be described as the next memecoin to explode.

3. BONK

The Solana-based memecoin, BONK, displays a bullish outlook today, recording a surge of 3.27% in the past 24 hours. As of this writing, BONK was trading at $0.00001207 with a market cap and trading volume of $940 million and $198 million, respectively.

BONK has been trading in a descending wedge formed on the chart since it reached its maximum in December 2024. Price was revisiting support several times and providing a sign of consolidation. It has recently approached the wedge’s upper border, which may indicate breakout strength.

$BONK's falling wedge pattern breakout is imminent.

It looks like it will break through this pattern in the coming days.

The rally is about to begin. pic.twitter.com/bVL3x3XrZS

— CW (@CW8900) April 2, 2025

The volume has been raised a little, indicating increased interest in the market. BONK faces resistance between $0.00001700 and $0.00002000. This is likely to open up more of the upside in the near term if they are able to get a breakout above this technical zone.