Meme Coins Plummet 11% Amid The Crypto Crash, Sparking Scramble To Buy The Dip

Meme Coin Market Faces Steep Decline

The meme coin market has experienced a significant drop of 11% in the recent crypto crash, prompting traders to consider strategies to capitalize on the downturn.

Notable Meme Coin Losses

Almost all major meme coins witnessed substantial price reductions, with over 20% losses for many. Mumu the Bull (MUMU) led the losses, plummeting by 29%. Jeo Boden (BODEN), associated with U.S. President Joe Biden, was the second biggest loser, facing a 23% drop over 24 hours.

Solana-based meme coins also experienced significant setbacks. Popcat (POPCAT), Catwifhat ($CWIF), Michi ($MICHI), and Slerf (SLERF) registered losses between 20% and 24%.

Meme Coin Leaders Impacted

Leading meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), also suffered losses. DOGE and SHIB saw price declines of over 6% and 7%, respectively, while PEPE dropped by 11%.

Traders Seek Buying Opportunities

With the decline in meme coin prices, traders are exploring opportunities to buy the dip. Some are considering ICO-phase tokens, which offer potential upside while being shielded from current market volatility.

Analyst-recommended options include Pepe Unchained (PEPU), an alternative to DOGE, Shiba Shootout (SHIBASHOOT) as a competitor to SHIB, and PlayDoge (PLAY), a DOGE-derivative P2E project.