Crypto Crash Sparks Meme Coin Bloodbath With WIF, FLOKI, And BONK Hit Hardest

Crypto Crash Erases $24 Billion from Meme Coin Market

Over the past week, the crypto market has seen a significant decline, with the meme coin market losing over 10% of its value. The Federal Reserve's hawkish stance has raised concerns about the future of digital assets, leading investors to seek safer havens.

The broader crypto market's market capitalization has dropped by more than 2% to $2.36 trillion. CoinShares reported industry outflows of $600 million last week, the highest since March 22.

Meme Coin Bloodbath

Five of the top six meme coins have suffered double-digit losses, with Dogecoin (DOGE) leading the decline with a drop of over 9%.

• Dogwifhat (WIF): 15% loss
• Floki (FLOKI): 12% loss
• Bonk (BONK): 12% loss
• Pepe (PEPE): 10% loss
• Shiba Inu (SHIB): 10% loss

Altcoin Woes

zkSync (ZK) has emerged as the biggest loser among the top 100 cryptocurrencies after a controversial airdrop. Fantom (FTM) and Worldcoin (WLD) have also suffered significant losses.

• ZK: 25% loss
• FTM: 16% loss
• WLD: 16% loss

Potential Haven in Presales

Amidst the market turmoil, investors may consider exploring presale cryptocurrencies. These offer both upside potential and shelter during market downturns.

Notable presales include:

• PlayDoge (PLAY): $4.7 million raised
• WienerAI (WAI): $6 million raised
• Sealana (SEAL): $4 million raised
• Base Dawgz (DAWGZ): $1.7 million raised

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