Weekly Winners and Losers: Pepe [PEPE] Memecoin Tops the Charts, SoLayer [LAYER] Sinks to the Bottom

This week, the crypto world was buzzing with action – and why not? Bitcoin reclaimed a six-figure valuation, boosting capital inflows and sparking altcoin rallies.

This week, the crypto market saw some serious action, with Bitcoin reclaiming a six-figure valuation to boost capital inflows and spark altcoin rallies.

But one sector stole the spotlight with double-digit returns — and no, it wasn’t your usual mid or high-cap assets.

This time, memecoins delivered the fireworks, serving up their classic “high-risk, high-reward” appeal in full force.

Weekly winners

Pepe [PEPE] — Memecoin tops the chart, but rising too fast?

Pepe [PEPE] has dominated this week’s gainers chart, surging 61.60% and reclaiming a five-month high of $0.00001406 to close out the week.

The memecoin opened the week still in the grip of a bearish hangover from the previous cycle.

However, a brief flicker of green came with Bitcoin’s bounce back to $96k on the 6th of May, providing a modest 0.63% lift.

But what really followed was a textbook case of capital rotation.

The PEPE/BTC pair saw a jaw-dropping 50% spike in less than a week, with PEPE breaking through four key resistance levels in rapid succession.

Now, though, the RSI is flashing some overheating signs after hitting a ceiling and starting to slide south.

According to AMBCrypto, PEPE’s next move will depend heavily on Bitcoin’s action.

For bulls to stay in control, BTC needs to break its local top and keep the capital rotating into memecoins for those sweet, quick gains.

dogwifhat [WIF] — Dog meme shows bullish resilience

dogwifhat [WIF] is closing in on the top spot with a 61% weekly jump, mirroring the capital rotation move seen in PEPE.

But unlike PEPE, WIF opened the week head-to-head with the bears, who had been keeping the dog meme locked in a tight range between $0.58 and $0.75.

The bulls flexed their muscles, breaking the range and setting up the perfect short-squeeze scenario.

As of press time, WIF was trading at $0.89, boasting a 131.57% monthly surge, outpacing the rest of the high-beta meme assets.

In this high-volatility climate, bulls are eyeing the $1 mark, but the rally is far from guaranteed. Profit-taking could trigger a pullback if capital rotates out of the market.

That said, WIF’s resilience is evident on the 1D chart, with solid bullish support at key levels, giving it a potential edge going into the next week.

Pi [PI] — Utility token shows no signs of backing down

Pi [PI] isn’t backing down from the altcoin race, clocking a 60% rally on the week.

Unlike the meme plays, PI has been riding a wave of sustained bullish momentum, with price action up 24% on the daily timeframe.

On-chain and exchange volume has exploded, jumping 208% and signaling aggressive spot-driven demand.

FOMO is clearly in play as PI reclaims the $1 level, and with strong bid-side depth, it may have the legs to shrug off early signs of RSI overheating.

At the time of writing, PI is trading at $1.05. With volume confirmation behind the move, the probability of flipping this resistance into a support base is high.

Still, this is one to keep on a tight watch- momentum is hot, but any weakness in demand or a stall in BTC could flip the script quickly.

Other notable gainers

Beyond the major players, the broader market saw some serious action.

Moo Deng [MOODENG] absolutely crushed it with a 220.6% surge, leading the pack. Purple Pepe [PURPE] and Titcoin [TITCOIN] weren’s far behind, rocking 203% and 191% gains, respectively.

Weekly losers

UNUS SED LEO [LEO] — Exchange token gets bruised by bears

UNUS SED LEO [LEO] topped the weekly losers chart, posting a 7.89% drawdown from its weekly open — clearly lagging amid broader market rotation.

The week kicked off with immediate downside pressure, as LEO printed a sharp 4.39% red candle to close at $8.76, signaling early weakness.

Although macro-driven FUD began to ease midweek, giving bulls a brief window to attempt a mean reversion bounce, the rally lacked conviction.

Bears quickly regained control, slamming price another 6% over the following two sessions.

Now, the RSI is deep in oversold territory, hinting at a potential bounce.