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
| Rank | Coin | Market Cap | 24-hour Change | 7-day Change |
|---|---|---|---|---|
| 1 | Dogecoin (DOGE) | $12.6B | -3.1% | -10% |
| 2 | Shiba Inu (SHIB) | $5.8B | -3.1% | -13% |
| 3 | Pepe (PEPE) | $1.8B | -5.0% | -15% |
| 4 | Dogwifhat (WIF) | $1.2B | -6.2% | -27% |
| 5 | Mog 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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