A popular crypto strategist believes that memecoins will have their day under the sun after getting crushed over the last few months.
Pseudonymous trader Altcoin Sherpa tells his 244,300 followers on the social media platform X that he expects meme tokens to eventually take center stage, highlighting that the crypto sector relies on trader attention.
But while the analyst believes that memecoins will make a comeback, he says those that have been around longer than others will likely lead the surge.
One asset on his radar is the Solana (SOL)-based token Bonk (BONK).
“Most memes got smashed overall but I think that they’ll eventually come back to some degree. Memes by nature are attention driven but I do think that some of the more ‘Lindy’ ones will have a better chance
You probably just go off ecosystem. When SOL is hot, coins like BONK are going to be decent bets (along with some others like Fartcoin and WIF and others). BONK being down 85% from highs to lows probably makes it an ok bet down here (I have a bag of it).”
The trader is referring to the Lindy Effect, a concept suggesting that the longer something has survived, the longer it’s likely to keep surviving.
At time of writing, BONK is worth $0.000012.
Another memecoin on the trader’s roster is the Ethereum (ETH)-based token Pepe (PEPE).
“Feels like PEPE is also around a bottom, too.
PEPE obviously an ETH beta but it’s also a good one if BTC starts going wild in my opinion.”
Looking at the trader’s chart, he seems to predict that PEPE would either rally to a high of $0.000015 or collapse to a new 2025 low of $0.000001.
At time of writing, PEPE is trading for $0.000007.
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