Following weeks of swift advances, breath-taking pumps driven by memes, and a surge of media attention, the memecoin market seems to be cooling off a bit — at least for the time being.
Sure, the space is still finding some pockets of activity and most definitely impressive daily runners, but the kind of euphoria in which we were all wrapped up during recent weeks seems to be past. A number of projects, however, seem to be in decent enough shape to at least consider them resilient. And one of these is $GORK.
This week, tokens that were previously performing at a high level, like $GORK, $BOOP, and $HOUSE, saw serious action at the beginning of the week. However, these tokens are now dealing with low volume and low hype. This is just the normal course of the memecoin cycle. After moving up parabolically, a token will often retrace or go through a period of consolidation. This isn’t a bad thing. What is bad is if that action leads to a further downward trend in the price of the token.
Seems like we’re entering a cooldown phase in the memecoin market.
This week alone, we’ve seen solid runners like $GORK, $BOOP, and $HOUSE but momentum is slowing.
If you check the DCA Order Feed, the tokens still getting decent buy pressure are $JUP $HONEY, $HOUSE $TROLL $GORK… pic.twitter.com/VoG50spwbe
— Stalkchain (@StalkHQ) May 2, 2025
Buy Pressure Persists in Select Tokens, Led by $GORK
The momentum appears to be softening across many memecoins, but the Stalkchain DCA (dollar-cost averaging) Order Feed shows that a few of these crypto tokens continue to enjoy steady buy pressure. Among the memecoins still attracting significant purchases are $JUP, $HONEY, $HOUSE, $TROLL, $GORK, $NEET, and $GP. For whatever reasons mentioned above or below, traders in the know seem to be in these tokens for the long haul or, at the very least, a semi-long haul.
Yet, not all buy pressure is equal. The fundamental measurement here is not simply volume — it’s how that buying activity stacks up against a token’s market cap and overall liquidity. And on that front, $GORK is well ahead of the field.
Recently recorded DCA buys approximate around $99,140, which makes $GORK look good compared to its size. And with $GORK still apparently maintaining strong buyer interest (relative to its size, of course), the DCA buys that we see here must mean that there’s at least some dedicated base of holders who are still accumulating the token. And that’s a pretty cool sign of conviction (in the token itself, and also for the buying strategy of DCA).
Even $GORK isn’t free from the pressure to sell. At the moment, it’s dealing with about $82,400 in DCA sell action, as a handful of wallets seize the opportunity to take profits after some recent nice runs. This kind of setup — where a token enjoys strong buying but also faces a headwind of profit-taking — can be a healthy one for the asset, provided it has the kind of liquidity to absorb the selling that doesn’t result in a noticeable drop in price.
Thank goodness for GORK that seems to be the case. With $507,000 in SOL backing the token, it is well-equipped to handle current selling off conditions. In simple terms, there is more than enough market depth to prevent a sharp correction from happening, assuming buyer interest doesn’t collapse in the next few days.
Currently, $GORK is facing about $82.4K DCA sell pressure.
However, with $507K in SOL liquidity, it’s more than capable of absorbing the sell off without major impact — for now.
Selling pressure isn’t always bearish — what matters is whether liquidity can handle it and if buy… pic.twitter.com/hCVK7ZESAA
— Stalkchain (@StalkHQ) May 2, 2025
Shakeout or Shift? What’s Next for Memecoin
A memecoin sector — or any sector — not having tons of momentum or lots of fresh buyers in it still can be very healthy. Having fresh buyers pouring in assures that the memecoin is not a pump-and-dump scheme (that is, one that might crash at any second and that really always should have crashed before now). When it comes to a meme being a buy, what matters most to the health cycle of a memecoin is its sustained demand, which is indicated by its not dumping.
For $GORK, it seems to be a check and check — again, at least for now. The stubborn inflows of DCA buys and a seemingly resilient liquidity pool suggest that what we’re looking at might just be a shakeout. That is, a moment when weak hands are shaken out while strong hands get to accumulate some more.
Regardless, caution is warranted. A real continuation of the memecoin rally will probably need the wider market to participate, a resurgence of social momentum, and possibly a few fresh, eye-catching listings on high-profile exchanges to get interest going again. Until those conditions are met, tokens like $GORK function as the canaries in the memecoin coal mine for traders trying to gauge whether the meme token market has simply pressed pause or is in the early steps of a reset.
Right now, we’re in a waiting game. If DCA activity keeps up and liquidity stays strong, this cooldown could transition right into a fresh wave of speculation. If that doesn’t happen, we might be looking at a sign that the current meme cycle is about to pull the rug out from under us. Meanwhile, we’re keeping a close watch on the few tokens that are still showing any semblance of life. At the top of that list is $GORK.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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