Crypto Crash Sparks Meme Coin Bloodbath With WIF, FLOKI, And BONK Hit Hardest

A
crypto
crash
saw
the
market
capitalization
of
the
meme
coin
market
plummet
more
than
10%
as
investors
fled
to
safety
amid
concerns
about
the
outlook
for
digital
assets
after
the
Federal
Reserve
leaned
to
a
more
hawkish
stance
last
week.

The
broader
crypto
market’s
market
cap
plunged
more
than
2%
to
$2.36
trillion
as
CoinShares
reported
industry
outflows
last
week
at
$600
million,
the
largest
since
the
week
ending
March
22.

Five
of
the
top
six
meme
coins
suffered
double-digit
losses,
with
the
biggest
by
market
cap,


Dogecoin

(DOGE),
tumbling
more
than
9%.

Top
meme
coins
by
market
cap
(Source:


CoinMarketCap)

WIF,
SHIB,
PEPE,
FLOKI
And
BONK
All
Dive
In
The
Latest
Crypto
Crash

Dogwifhat
(WIF)
bled
the
most
among
the
top
5
meme
coins
with
a
15%
plunge
to
$2.10
as
of
2:45
a.m.
EST. FLOKI
and
Bonk
(BONK)
registered
24-hour
losses
greater
than
12%
each,
while
Pepe
(PEPE)
and
Shiba
Inu
(SHIB)
both
experienced
price
drops
exceeding
10%.

For
many
of
the
top
5
largest
meme
coins,
the
recent
corrections
were
a
continuation
of
their
dismal
weekly
performances.
PEPE
was
the
only
one
that
was
still
in
the
green
over
the
past
7
days
prior
to
the
recent
crash,
but
it
now
joins
the
rest
of
the
pack
with
a
weekly
loss
of
more
than
9%.

ZK,
FTM
And
WLD
The
Hardest
Hit
Altcoins

zkSync
(ZK)
plummeted
25%
on
its
market
debut
after
a
controversial
airdrop
that
angered
many
token
holders.
Investors
were
quick
to
dump
their
holdings
in
ZK,
resulting
in
it
being
the
biggest
loser
in
the
last
24
hours
among
the
biggest
100
cryptos.

Fantom
(FTM)
and
Worldcoin
(WLD)
were
the
second
and
third
biggest
losers,
respectively.
FTM’s
price
plunged
16%,
bringing
the
altcoin’s
value
down
to
$0.518.
During
the
same
period,
WLD
also
saw
over
16%
of
its
value
erased.

The
market
rout
might
prompt
investors
to
seek
out
presale
cryptos,
which
offer
good
upside
potential
while
providing
shelter
during
the
current
market
storm.

Among
analyst
favorites
right
now
are
hot
presales
that
include


PlayDoge
(PLAY),


Sealana
(SEAL),

WienerAI
(WAI),
and
Base
Dawgz
(DAWGZ),
all
of
which
have
had
bumper
fund
raisings.

PLAY’s
presale
has
hit
almost
$4.7
million
in
funds
raised
in
less
than
three
weeks,
while

WienerAI
has
moved
to
within
a
whisker
of
$6
million.

The
Solana
ICO
SEAL
has
blasted
past
$4
million
and
is
now
offering
investors
a
last
chance
to
buy
before
its
presale
closes
on
June
25.

Meanwhile,
new
Base
token

Base
Dawgz
(DAWGZ),
which
aims
to
become
the
new
Brett
(BRETT),
has
blasted
past
$1.7
million
in
funds
raised
since
it
launched
on
June
4.

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