The crypto markets have flattened once more on Bitcoin, with uncommon exceptions like BNB, however what about Ethereum and Solana? And the way are memecoins like Bonk doing?
At this time we’ll attempt to reply these questions.
Value Evaluation of Ethereum, Solana, and Bonk
Within the final seven days, the worth of Bitcoin has risen by 6%. That of Ethereum by virtually 8%.
It may appear that ETH is outperforming BTC, however when you lengthen the comparability to thirty days in the past, you discover that Bitcoin is at +9% whereas Ethereum doesn’t attain +4%.
For instance, BNB is up 29% in comparison with seven days in the past, whereas in comparison with thirty days in the past it’s +49%.
In different phrases, the worth of BNB just isn’t following the pattern of BTC, whereas ETH is.
The dialogue turns into even clearer if we analyze the worth pattern of Ethereum expressed in Bitcoin.
Within the second half of September, it had settled for a number of days round 0.038 BTC, however by the top of the month, it had dropped to 0.035.
At the start of October, it had risen above 0.037 BTC, however then it returned to 0.036.
Which means on this month of October, the worth pattern of Ethereum is definitely underperforming in comparison with Bitcoin, whereas in September issues had been completely different, particularly within the first half of the month.
It must be famous, nonetheless, that the worth of ETH in {dollars} has returned to the 4,500$ vary, which is barely -10% from its all-time highs. Nevertheless, Bitcoin recorded its new all-time excessive two days in the past, whereas Ethereum did so a month and a half in the past. Moreover, BTC is barely -3% from the excessive of two days in the past.
In gentle of this, it may be acknowledged that at this second it’s Bitcoin that’s main, and Ethereum is merely following from a distance, in contrast to BNB.
The Pattern of Solana
The dialogue just isn’t a lot completely different for Solana.
Furthermore, the altcoin season index of CMC has dropped beneath 55 factors, which is in an space of just about excellent neutrality. Which means on common altcoins are performing roughly like Bitcoin, apart from some uncommon exceptions.
Solana isn’t any exception, with its modest +6% within the final seven days, and a considerable +6% within the final thirty.
Nevertheless, the present worth of SOL continues to be 25% beneath the all-time highs, additionally as a result of these had been recorded in January throughout the memecoin growth.
By now, the worth pattern of SOL largely is dependent upon the memecoin market pattern, because the overwhelming majority of recent memecoins are on the Solana blockchain.
In truth, after the burst of the mini-bubble of memecoins on the finish of 2024, which occurred in February 2025, the worth of Solana dropped in three and a half months from $260 to $105, with a really speedy collapse.
Nevertheless, that crash was extreme, a lot in order that inside only a month a rebound occurred. This rebound, nonetheless, didn’t even have the energy to carry it again to $200, so to see this determine once more, it was obligatory to attend till July.
Ranging from August, one other rebound started, which peaked shortly after mid-September simply above $250. Since then, it has been transferring sideways with some volatility inside a variety between $190 and $230.
The Efficiency of the Memecoin Bonk
Bonk is the main memecoin on the subject of these on Solana.
It is a token launched on the crypto markets virtually three years in the past, and it surpasses even Donald Trump’s official memecoin in market capitalization.
To be trustworthy, it isn’t the memecoin on Solana with the very best market capitalization, as a result of at this second it’s surpassed by Pudgy Penguins (PENGU), launched lower than a yr in the past.
At this second the worth of BNK is at -65% from the all-time highs, reached final November, however it must be famous that this meme tends to rise throughout the fall on account of its advertising and marketing program centered notably on December.
In truth, the primary small one was certainly in December 2023, and the final one was in November 2024.
Throughout 2025, it had misplaced as a lot as 85% from its highs in simply over 4 months, solely to rebound ranging from the top of April.
The present worth is certainly in step with the one reached after the April rebound, which confirms the not notably good second for memecoins.
It must be famous, nonetheless, that the memecoin sector progresses by bubbles, so it isn’t doable in any strategy to rule out that there could also be others sooner or later. In truth, in the end it is rather seemingly that different speculative bubbles will type throughout the memecoin sector, however it must be specified that always those who carry out higher are the brand new ones, whereas those who have already skilled an enormous growth up to now have a tendency to not repeat it.
