Meme Coin Bloodbath Continues As DOGE, SHIB, And PEPE All Plunge

The
meme
coin
bloodbath
continued
as
the
sector’s
market
capitalization
plunged
over
5%
in
the
past
day,
with
market
titans
Dogecoin
(DOGE),
Shiba
Inu
(SHIB)
and
Pepe
(PEPE)
all
suffering
losses.

The
DOGE
price
tumbled
more
than
over
3%
in
the
last
24
hours
to
trade
at
$0.1162

as
of
3:50
a.m.
EST,
while

dog-themed
rival
SHIB
dropped
by
an
identical
amount.


PEPE

plummeted
5%,
taking
its
weekly
loss
to
15%.

Top
5
Meme
Coins
Hit
In
Latest
Meme
Coin
Bloodbath

Top
5
meme
coins
by
market
cap
(Source:


CoinGecko)

WIF
Suffers
The
Most
With
A
27%
Weekly
Plunge

PEPE”s
dismal
weekly
performance
was,
however,
overshadowed
by
Dogwifhat
(WIF),
which
has
plunged
more
than
27%
over
the
same
timeframe.
This
comes
after
it
also
registered
the
biggest
24-hour
loss
of
the
top
5
meme
coins,
with
its
price
falling
over
6%.

Nine
of
the
other
top
10
biggest
meme
coins
also
fell
victim
to
the
continued
selloff.
Mog
Coin
(MOG)
dived
16%
in
the
last
24
hours,
while
Book
of
Meme
(BOME)
and
Brett
(BRETT)
plummeted
9%
and
5%,
respectively.
Investors
also
decreased
exposure
to
FLOKI
and
Bonk
(BONK).

Only

POPCAT
(POPCAT)
emerged
unscathed
among
the
top
10
meme
coins,
posting
a
gravity-defying
6%
gain.

Meme
Coin
Presales
Defy
Gravity

With
meme
coins
continuing
to
bleed,
investors
might
turn
to
presale
tokens,
which
have
huge
upside
potential
while
providing
shelter
from
market
turbulence
before
they
are
listed.

Pepe
Unchained
(PEPU)
and WienerAI
(WAI)
are
among
meme
coin
ICOs
that
continue
to
accumulate
funds
at
a
rapid
pace,
despite
the
meme
coin
market
bloodbath.

PEPU
now
stands
at
more
than
$6.8
million
in
funds
raised
while
WAI
has
stormed
past
$9
million
as
it
offers
a
last
chance
to
buy
before
its
listing
on
August
5

That
feeling
when
you
are
in
the
Pepe
Unchained
Presale
????????

pic.twitter.com/2yzu5NnMJd

—
Pepe
Unchained
(@pepe_unchained)

July
30,
2024

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