Meme coins crash as Pepe, Dogwifat and Shiba Inu fall amid sector declines 8%

Pepe (PEPE), Dogwifhat (WIF), and Shiba Inu (SHIB) all fell over the past 24 hours as the meme coins crashed to erase a significant portion of their weekly gains.

In general, the capitalization of Currency market meme It was down more than 8% to $62.65 billion as of 3:40 a.m. EST. This was after the largest meme coin by market cap, Dogecoin (DOGE), suffered a loss of more than 4%, dragging its weekly performance into the red.

All leading coins crashed

Cat in a Dogs World (MEW) was the biggest loser in the top 10 meme coins list after losing more than 21% of its value. Meanwhile, Solana meme Bonk (BONK) recorded the second-largest loss in 24 hours with a 20% drop.

babyWIF, FLOKI, Book of Meme (BOME), and Memecoin (MEME) all took a double hit to their prices. Just The dog • going • to • the moon (DOG) managed to escape the onslaught of sellers unharmed. DOG broke away and posted gains above 18%, boosting its impressive weekly streak to over 59%.

Traders may seek refuge in small value Meme coins

Several small-cap coins were able to make gains amid the mini-coin sell-off. Cryptocurrencies like Optimus AI (OPTI), The First Youtube Cat (PAJAMAS), and Super Trump (STRUMP) saw their prices rise by 15%, 6%, and 46%, respectively.

Pre-sales may also provide some much-needed shelter from the downward storm. New dog-themed meme coin Play Doggie (PLAY) could continue to attract investors after it raised $200,000 within minutes of launching its initial coin offering (ICO) this week.

Bout to drop a cache on this Dorcas #freedom! 💥🇺🇸

Show some support for #Sealand via transmitter $ solAnd fueling the war on terrorism! 🪖🦭#TeamAmerica #The best #Pre-sale pic.twitter.com/LlcXgMVzrq

– Sealana (@Sealana_Token) May 29, 2024

Analysts are also speculating that Solana’s coin is a meme New Zealand SEAL may be the best “degen game” currently available on the market, having raised over $3 million.

Another hot presale that some analysts like is the AI ​​meme coin WienerAI (WAI), which is about to exceed $3.5 million in funds raised.

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