Cryptocurrency Investors Face Decline in Meme Coins

Meme Coins Experience Decline After Recent Surge

Meme coins, known for their volatility and speculative nature, have witnessed a market downturn following a brief rally over the past few days.

Dogecoin (DOGE)

• The largest meme coin by market capitalization, DOGE, has lost some of its recent gains.
• Its 24-hour price has dropped by 3.69% to $0.1226, causing concern among investors.
• DOGE's 7-day price movement indicates a decline of around $0.80, further unsettling holders.
• Market volume has also seen a significant reduction, falling from $18 billion to $17.7 billion.

Shiba Inu (SHIB)

• SHIB, once dubbed the "Dogecoin killer," has also been affected by the downturn.
• Its price has dropped to $0.00001717, representing a 3.97% decline in the past 24 hours.
• SHIB's 7-day price movement shows a 6.50% loss.
• Market volume has receded to $10.11 billion, while trading volume has fallen from $372.6 million to $208 million.

PEPE Coin

• PEPE, which rallied strongly last month, has given up some of its recent gains.
• Its price has dropped by 4.88% to $0.0000126 in the past 24 hours.
• Despite this decline, PEPE's weekly outlook remains positive, with a gain of over 10%.
• Market volume has remained stable at $5.3 billion, while trading volume has declined from $1 billion to $718 million.

WIF Token

• WIF, native to the Solana network, has experienced one of the steepest declines of the day.
• After rising over 19% and 12% in the previous two days, WIF has dropped by 5% to $2.02.
• Market volume remains above $2 billion, and trading volume is approximately $462 million.