TLDR
Meme coins experiencing broad selloff with most down 10%+ in 24 hours
Dogecoin down 11.47% to $0.349467
SHIB declined 10.38% to $0.00002167
PEPE dropped 11.10% to $0.00001828
BONK fell 14.28% to $0.00002952
Meme cryptocurrencies faced substantial price declines over the past 24 hours, with market leaders like Dogecoin and Shiba Inu experiencing double-digit percentage drops. The downturn comes as part of a wider cryptocurrency market correction that has affected both established and emerging digital assets.
Dogecoin, the original meme cryptocurrency, recorded an 11.47% decline, bringing its price to $0.349467. As the largest meme coin by market capitalization, Dogecoin’s movement often serves as an indicator for the broader meme coin sector.
Shiba Inu (SHIB), the second-largest meme token, saw its value decrease by 10.38%, settling at $0.00002167. The token, which gained popularity in 2021, continues to maintain its position as a leading meme cryptocurrency despite the recent price reduction.
PEPE coin, a newer entrant in the meme coin space, experienced an 11.10% drop, with its price falling to $0.00001828. The token, which launched in 2023, has shown similar volatility patterns to its more established counterparts.
BONK, a Solana-based meme token, recorded one of the steeper declines among major meme coins, falling 14.28% to $0.00002952. This decline represents one of the largest percentage drops among the top meme cryptocurrencies during this period.
The price movements occurred against a backdrop of broader market decline, with Bitcoin, the largest cryptocurrency by market cap, down 5.83% to $95,763.00. Ethereum, the second-largest cryptocurrency, also fell by 8.16% to $3,360.61.
Marketwide Downturn
Other major cryptocurrencies showed similar downward trends, with Cardano (ADA) dropping 12.54% and Solana (SOL) declining by 8.50%. These movements suggest a market-wide correction rather than meme coin-specific issues.
Trading volumes across meme coins remained consistent with recent averages, indicating that the price drops resulted from regular market activity rather than unusual selling pressure or specific negative events.
The current market conditions have affected both established and emerging meme tokens equally, with newer projects showing no particular immunity to the broader market trends.
Price data from multiple exchanges confirms the uniformity of these declines across trading platforms, suggesting a market-wide trend rather than exchange-specific anomalies.
The 24-hour trading ranges show that most meme coins attempted several price recoveries throughout the period but failed to maintain higher levels.
Historical data indicates that meme coins often experience more volatile price movements compared to mainstream cryptocurrencies, both in upward and downward directions.
Technical indicators suggest the current price levels align with recent support zones for many of these tokens, though past performance does not guarantee future results.
The market capitalization of the entire meme coin sector has adjusted accordingly, with the total value of all major meme tokens reducing proportionally to their price declines.
The latest market data shows these price movements occurring on normal trading volume, indicating regular market behavior rather than panic selling or unusual trading patterns.
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