4 Meme Coin Losers of the Week

Performance of Meme Coins Amidst Market Volatility

During a tumultuous week in global financial markets, the cryptocurrency scene experienced similar uncertainty, with notable altcoins experiencing both gains and losses. Memecoins, including Dogecoin, PEPE, and Shiba Inu, faced setbacks, leading to a decline in the overall market capitalization of memecoins by approximately 2% to $53 billion.

Meme Coin Losers of the Past Week

1. Moutai (MOUTAI)

Moutai had a turbulent week, with significant price fluctuations. It ranked as the most notable underachiever among meme coins, experiencing a 9.07% price drop within the past day. Over the past week, it faced a bearish trend, resulting in a 36% decrease. Currently, Moutai is valued at $0.01827, with a market capitalization of $12.73 million. Trading volume fell by 17.13% to $436.2 million over the past 24 hours. There are approximately 23,964,417 MOUTAI tokens in circulation.

2. Degen (DEGEN)

Degen faced challenges throughout the week, resulting in a price drop of 3.54% within the past day. Market fluctuations impacted this meme coin, leading to a decline in value of 33.8% over the past week. Currently, Degen trades at $0.01334, with a market capitalization of $189,194,896. Trading volume within the past 24 hours amounted to $26.98 million, while approximately 2,019,798,885 DEGEN tokens are in circulation.