Major meme cryptocurrencies are currently underperforming. Ninety percent of the major meme coins are in the red, while most of them are posting double-digit losses. However, two dog-coins from the top 200 cryptocurrencies by market capitalization managed to increase even in such a painful context.
Major meme cryptocurrencies are currently underperforming. Ninety percent of the major meme coins are in the red, while most of them are posting double-digit losses. However, two dog-coins from the top 200 cryptocurrencies by market capitalization managed to increase even in such a painful context.
“PEPE’s best friend”, BRETT, among the worst performing cryptocurrencies today
Today, June 24, 2024, Based Brett (BRETT), one of the largest meme coins on the Base (BASE) blockchain, is down 9.4%. As such, it is the fourth worst performing cryptocurrency in the top 100. It only managed to outperform Ordi (ORDI) and Notcoin (NOT), while Uniswap (UNI) posts similar losses.
Brett Headquartered (BRETT) is close to missing the $1.3 billion market cap level. Other major meme coins are also under pressure today.
Shiba Inu (SHIB) and Pepe (PEPE) are down 5.2% to 5.3%. Meanwhile, the market benchmark for the cryptocurrency segment is 4% today.
Dogecoin (DOGE) lost 4.1%, while other major meme cryptocurrencies, Bonk (BONK) and Floki (FLOKI), are also in the red, but slightly outperforming the market average.
In total, the meme cryptocurrency segment lost 5% in the last 24 hours, according to data from CoinGecko.
Dogwifhat (WIF), Mog Coin (MOG) in green despite painful start to the week for cryptocurrencies
At the same time, two major meme coins managed to post minor gains despite market hostility. Dogwifhat (WIF), a major Solana meme cryptocurrency, added 1.1%, while Mog Coin (MOG) rose 4% on the Ethereum (ETH) and Base (BASE) platforms.
While the cryptocurrency market sees over $300 million wiped out in shorts and longs due to liquidations in the last 24 hours, meme coins are also among the hardest hit by the drop.
DOGE and PEPE traders lost more than $7.5 million, while ConstituitionDAO (PEOPLE) and Dogwifhat (WIF) are also on the list of the top 10 most affected cryptocurrencies. glass coin the data shows.
Bitcoin (BTC) is down 4.8%, while Ethereum (ETH) lost 5.5% on news of the multi-billion dollar Mt. Gox compensation scheme and geopolitical tensions.
