Price: $0.38498 -7.756%
Market Cap: 56.51B 1.9398%
Volume (24h): 18.6B 0.4%
Dominance: 1.9398%
Price: $0.38498 -7.756%
Market Cap: 56.51B 1.9398%
Volume (24h): 18.6B 0.4%
Dominance: 1.9398% 1.9398%
  • Price: $0.38498 -7.756%
  • Market Cap: 56.51B 1.9398%
  • Volume (24h): 18.6B 0.4%
  • Dominance: 1.9398% 1.9398%
  • Price: $0.38498 -7.756%
Home > Information news > Meme Coin Bloodbath Continues As DOGE, SHIB, And PEPE All Plunge

Meme Coin Bloodbath Continues As DOGE, SHIB, And PEPE All Plunge

Release: 2024/08/02 19:03 Reading: 353

Original author:Inside Bitcoins

Original source:https://coinmarketcap.com/community/articles/66acb062bd6b4209b5a8f1ec

Meme Coin Market Cap Plummets by Over 5% in 24 Hours

The ongoing sell-off in the meme coin sector has persisted, with the market capitalization for the top coins dropping over 5% in the past day. Market leaders Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have all experienced significant losses.

Meme Coin Prices Tumble

DOGE's price has fallen by over 3% in the past 24 hours, trading at $0.1162 at 3:50 a.m. EST. Shiba Inu has similarly declined by the same percentage, while Pepe has plummeted by 5%, extending its weekly loss to 15%.

Top 5 Meme Coins Hit Hard

RankCoinMarket Cap24-hour Change7-day Change
1Dogecoin (DOGE)$12.6B-3.1%-10%
2Shiba Inu (SHIB)$5.8B-3.1%-13%
3Pepe (PEPE)$1.8B-5.0%-15%
4Dogwifhat (WIF)$1.2B-6.2%-27%
5Mog Coin (MOG)$870M-16%-20%

WIF Suffers Most with 27% Weekly Plunge

PEPE's dismal weekly performance has been overshadowed by Dogwifhat (WIF), which has lost over 27% in the same period. This follows a 6% daily decline, the largest among the top 5 meme coins.

Presale Tokens Defy Market Conditions

Despite the ongoing sell-off in meme coins, investors may consider presale tokens as a potential shelter from market volatility. Pepe Unchained (PEPU) and WienerAI (WAI) are among the meme coin ICOs that have continued to raise funds rapidly.

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