Today I sat down to measure the 24 coins I track. All of them rose over the quarter. All of them? No. One fell behind: $BONK , down 20.4% over 90 days.

What caught my attention wasn’t the number itself, but the contrast. When the whole market is up and a single coin drops, the reason usually lies with that coin—not the market. It could be a new token entering, it could be waning interest, it could be money rotating to somewhere else.

Which of the three is the case, I don’t know—and I won’t make it up. What I measured: BONK is 20.4% below where it was 90 days ago, while the other 23 coins on my list are above. The biggest gainers over the period were BOME (+127.1%) and PEPE (+60.1%).

Do you have a meme coin in your portfolio? Comment which one and I’ll measure it in the next post.

This is not financial advice.