- Meme Cash Crash Laborious: The general crypto market misplaced $147 billion in 24 hours, with meme cash taking the largest hit. PEPE dropped 12.1%, BONK fell 10.3%, and each noticed sharp drops in market cap and buying and selling quantity.
- Prime Tokens Lose Floor: Dogecoin (DOGE) and Shiba Inu (SHIB) additionally declined, shedding 7.8% and a pair of.5% respectively. Different meme cash like WIF, FLOKI, and BRETT noticed double-digit losses, with WIF dropping out of the highest 100 listing.
- Sector-Broad Decline: Frog-themed, Solana-based, and Mahmudov-backed meme cash had been among the many worst performers. In the meantime, Bitcoin and Ethereum additionally dipped barely by 1.5% and a pair of.5%, including to the broader bearish sentiment.
The crypto market isn’t having its finest day—and meme cash? They’re getting completely hammered. With billions worn out throughout the board, tokens like PEPE and BONK are main the plunge, shedding double-digit percentages in simply 24 hours. Ouch.
PEPE and BONK Take the Largest Hit
Could 31’s been brutal. The entire crypto house has bled about $147 billion in complete worth in a single day. However meme cash? They’re feeling it even worse. PEPE, the frog-faced fan favourite, tanked by 12.1%, sliding right down to $0.0000113. That’s a multi-week low. And identical to that, its market cap slipped beneath $4.7 billion. For perspective—PEPE is now 60% under its all-time excessive from final December.
BONK wasn’t spared both. It dropped 10.3%, touchdown at $0.00001587, and noticed its quantity shrink whereas its market cap dipped to $1.29 billion. SPX6900, one other well-hyped meme coin (and one backed by Murad Mahmudov), dropped 13% to simply beneath a buck.
The Relaxation Aren’t Doing Any Higher
Even the “OGs” within the meme world aren’t immune. DOGE tumbled 7.8% to $0.189, and SHIB adopted swimsuit, right down to $0.00001254. FLOKI? It obtained hit too—falling 13.5% to $0.00008003. WIF, the Solana-based underdog, obtained knocked out of the highest 100 after dropping 18.6%, now sitting at a cap of $818 million. Based mostly Brett didn’t escape both—it’s down 14.5% to $0.0501.
Throughout your complete meme coin class, capitalization’s down about 12%. Frog-themed cash and Solana-based memes took a few of the largest punches—shedding over 13% every.
BTC, ETH Not Immune Both—However Faring Barely Higher
Even the large gamers took a step again. Bitcoin dipped 1.5%, and Ethereum adopted with a 2.5% loss. BTC’s clinging to that $2 trillion market cap, however the sentiment’s positively shaky.
Backside line? It’s a sea of purple on the market—particularly in meme land. The hype may cool off for a bit except patrons swoop in with confidence and quantity. For now, merchants are positively in protection mode.