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Meme Coins in Red Today, Here’s Who Suffers Most
While the cryptocurrency market is down today, with a 2.6% overnight loss, it seems like some of the largest meme cryptocurrencies are not immune to this trend. The price action of Dogecoin (DOGE), Bonk (BONK), and Pepe (PEPE) indicates a concerning downtrend for these popular coins.
Dogecoin’s (DOGE) price slumped to $0.1596, resulting in a 2.8% loss within the past 24 hours. This decline brings some concern to the DOGE community as it is still recovering from previous losses.
Bonk (BONK), another major cryptocurrency in the meme coin segment, lost 3.3% in the same timeframe. The BONK price is near a local low at $0.00001379.
In contrast, Pepe (PEPE) experienced a decline of 2.5%. PEPE’s price dropped to $0.000009454 on declining trading volume.
On the other hand, some smaller meme coins are struggling to gain traction and may be in line to join the top 100 cryptos. Pudgy Penguins’ (PENGU) price surged by a massive 8.7% overnight, reaching a local high of $0.014161.
While the sentiment is generally bearish today, it’s crucial for investors to understand which cryptocurrencies are most affected by this downturn.
Source: u.today
