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The meme coin market plunged over 7% after Dogwifhat (WIF), Ai16z (ZI16Z) and Fartcoin (FARTCOIN) all plummeted, whereas Pippin (PIPPIN), Division Of Authorities Effectivity (DOGE) and Akuma Inu (AKUMA) have been in a position to defy the downtrend.
The drop within the collective meme coin capitalization comes amid a broader market correction, which noticed the digital asset sector shed greater than 3% of its complete valuation.
WIF, AI16Z and FARTCOIN Lead The Meme Coin Market Massacre
Canine-themed Solana meme coin WIF noticed its worth drop greater than 14% within the final 24 hours, including to its weekly woes within the course of. Because of this, the crypto is over 18% within the crimson on the 7-day chart to commerce at $1.58 as of three:12 a.m. EST.
Equally, the eighth largest meme coin by market cap, AI16Z, plummeted over 21% to increase its adverse weekly streak. In the meantime, FARTCOIN shed greater than 17% of its worth amid the current market pullback to commerce at $0.8664.
PIPPIN, DOGE And AKUMA Buck The Pattern Whereas Presale Tokens Flourish
Whereas nearly all of the meme coin market bled, PIPPIN delivered a standout efficiency within the final 24 hours. After hovering greater than 73%, the token managed to assert the title as the most effective 24-hour performer within the meme coin market.
AKUMA additionally delivered a powerful 24-hour efficiency, with its worth surging 21%. This shoved its optimistic weekly efficiency additional into the inexperienced to greater than 293%. DOGE was additionally in a position to face up to the hunch to put up a 5% achieve.
Sheltering From The Meme Coin Market Storm
With the broader crypto sector correcting, buyers would possibly decide to show to presale tokens that aren’t but tradable on the open market to shelter from the storm whereas additionally positioning for future upside.
New Pepe by-product Wall Avenue Pepe (WEPE), which has already raised greater than $44.5 million, is an analyst favourite that’s on monitor to be one of the crucial profitable ICOs of all time.
Jeets are momentary. Wepe is without end. 🐸 ⚔️ pic.twitter.com/UvUW84V9ow
— Wall Avenue Pepe (@WEPEToken) January 8, 2025
One other presale crypto that continues to outperform is the primary Solana layer-2 meme coin Solaxy (SOLX), which has already handed $9.3 million in funding.
Vote-to-earn crypto Flockerz (FLOCK) can be surging towards $10 million in funds raised in its ICO. It’s set to record in about 13 days.
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