Meme Coins Experience Significant Decline

Meme Coins Witness Notable Declines

Despite a recent resurgence, meme coins have resumed their descent today, with prominent tokens like WIF, PEPE, DOGE, and SHIB experiencing significant declines.

DOGE Coin Analysis

Dogecoin (DOGE) continues on its downward trajectory. Over the past 24 hours, its value has plummeted by 2.39% to $0.1209, according to price charts.

DOGE's 7-day outlook reveals a 2.91% decline, while the last hour has seen a 0.33% decrease. Despite its market cap exceeding $17.5 billion, DOGE's trading volume remains low at $283 million.

SHIB Coin Analysis

SHIB, once hailed as the "DOGE killer," has also suffered a setback. In the last 24 hours, its value has dropped by 2.62% to $0.00001669. Over the past 7 days, SHIB has declined by 8.20%.

SHIB's market cap continues to shrink, currently standing at $9.834 billion. Its trading volume has also plummeted to $113 million, marking a decline of over 50%.

PEPE Coin Decline

PEPE's recent gains have evaporated, with a 5.93% decline in the past 24 hours. This has brought its price down to $0.00001101. Its positive weekly outlook has also turned negative, with a 7-day price movement of -6.69%.

PEPE's market cap has slipped below $5 billion to $4.632 billion. Its 24-hour trading volume has decreased from $1 billion earlier in the week to $336 million.

WIF Price Plummets

Solana's WIF, which gained 19% and 12% earlier this week, has also fallen victim to the market downturn. Despite a 3% decline to $2.02, WIF's 7-day outlook remains positive, indicating a 13.68% increase.

WIF's market cap exceeds $2 billion, while its trading volume remains above $300 million, outpacing DOGE and SHIB.