3 Meme Coins to Sell in May Before They Crash & Burn

Shiba Inu (SHIB-USD): The limited usefulness of a speculative asset requires caution in periods after the hype cycle.

Bonk (BONK-USD): Rapid growth in a bull market has a downside—a sharp decline from the pressure of more innovative and active competitors.

Meme Coins To Sell: ApeCoin (APE-USD)

ApeCoin was created by the Bored Ape Yacht Club (BAYC) NFT project and became an instant hit, especially with its ties to NFTs. However, the project is now facing a decline in investor interest due to a combination of internal struggles and a decreased focus on NFTs.

While the token initially grew rapidly, it has since declined significantly and may continue to do so, especially given the decreasing popularity of NFTs and a loss of market confidence.

Shiba Inu (SHIB-USD)

Shiba Inu, known for its dog-themed branding, saw substantial growth in popularity during the height of the 2021 crypto craze. While it rode the wave of speculative investments and hype, its limited practical utility may prevent it from sustaining long-term growth.

As the market experiences corrections, investors may find fewer reasons to hold SHIB, potentially leading to further declines.

Bonk (BONK-USD)

Bonk gained popularity as a new meme coin during a period of negative market sentiment, taking advantage of airdrops and the general enthusiasm for new projects. However, its primary utility is limited to speculative trading and social media engagement.

Despite initial gains, the project may struggle due to a lack of innovation and over-saturation in the dog-themed meme coin market. In the face of bearish sentiment, Bonk may face a significant price drop.