Top Three MemeCoins to Watch & Their Recent Performances

Key Insights:

• In the memecoins sector, Dogecoin price retests its 12-month low as crypto risk appetite cools.
• Shiba Inu (SHIB) falls to levels last seen in 2023.
• PEPE Coin surprisingly managed to hold on to some gains during the last 4 weeks.

Risky assets suffered heavy outflows in January, including memecoins, which sit at the far end of the speculative spectrum. Let’s dive into how the top memecoins fared in the last 4 weeks.

Dogecoin price maintained an overall downtrend in Q4 2025, and it carried the same momentum in January 2026. The king of the memecoins initially kicked off the month on a bullish leg, but unfavorable macro conditions erased those gains.

Dogecoin price surged as high as $0.15 during the month, but concluded the month at $0.10. It was down by 55% from its monthly top, and about 11.2% from its opening to closing price.

DOGE price dropped below $0.10 at its lowest price point in January and was extremely oversold at that point. This also resulted in a retest of its 12-month low, where it previously bounced back in the second week of October last year.

Memecoins News: SHIB Price Once Again in the Red

The Shiba Inu memecoin also struggled to find bullish traction under the harsh conditions in January. The dog-themed memecoin initially kicked off with an impressive 45% rally in the first 5 days of the month.

However, those gains were quickly erased as the bears regained dominance. SHIB price retreated by almost 40% from its January peak to its lowest price point during the month.

Shiba Inu price retreated by 1.45% from its opening price to its closing price in January. In other words, its downside was less severe than that of Dogecoin.

Although Shiba Inu price also struggled under the weight of bearish market conditions, its RSI signaled that it was not yet oversold despite 5 consecutive months in the red.

Nevertheless, its retreat was noteworthy because it fell to a multi-year low. Its lowest price point on 31 January retested price levels last seen in June 2023.

The same price point was also dangerously close to its historic all-time low. This may signal sell pressure exhaustion and could potentially make its current lows attractive.

PEPE Memecoin Ends its Bearish Monthly Streak

While memecoins like Dogecoin and Shiba Inu slid further on the monthly time frame, PEPE Coin surprisingly managed to maintain a slight uptick. The frog-themed memecoin was up by almost 3% in January.

However, this does not necessarily mean that it was immune to bearish pressures. PEPE only managed to maintain some gains courtesy of its robust uptick in the first 4-days of January, during which it rallied by almost 80%.

The rest of the month was mostly spent erasing those gains. It managed to close the month with a slight uptick because of a slight recovery on the last day of the month.

The memecoin previously maintained a streak of bearish monthly price action since August. This means it was able to break that streak after closing January in the green. It also maintained a slight premium from its February 2024 lows.

The performance of Pepe Coin at the start of January previously ignited optimism about its outlook for the month, as well as the rest of the year. This suggests that it could still attract robust demand if the market conditions improve.

In summary, the top players in the memecoins space were severely impacted by the unfavorable market outcomes. Nevertheless, their heavily discounted prices may attract investments when the sentiment shifts back in favor of risk-on assets.