Amid the most painful crypto crash since mid-April, meme cryptocurrencies posted double-digit losses. Dogwifhat (WIF) and Bonk (BONK) fell below the main capitalization levels.
Amid the most painful crypto crash since mid-April, meme cryptocurrencies posted double-digit losses. Dogwifhat (WIF) and Bonk (BONK) fell below the main capitalization levels.
WIF Collapses: Worst Performing Crypto in Last 24 Hours Down 18%
Dogwifhat (WIF), a mid-cap meme cryptocurrency and the fourth largest digital asset in this category, demonstrates the largest losses in 24 hours compared to the top 100 cryptocurrencies on CoinGecko.
The capitalization of Dogwifhat (WIF) fell below the significant level of $3 billion. WIF is one step away from being replaced by FLOKI as the fourth largest meme coin.
The largest meme coins, Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), are performing much better, with respective losses of 9.7%, 7.5% and 11.3%.
In total, meme coin traders lost at least $20 million in long positions in the last 24 hours due to liquidations, CoinGlass data says. The net amount of settlements exceeded 415 million dollars in equivalent, the highest since April 13, 2024.
The aggregate crypto market capitalization lost 3.2%, while Bitcoin (BTC), the largest cryptocurrency, was down 3.5% in the last 24 hours.
WSB meme coins lost 30% in 24 hours
At the same time, even in this painful collapse, small-sized meme coins are demonstrating astonishing gains. For example, the Basenji cryptocurrency (BENJI) soared 33% in one day and reached a capitalization of $70 million. Chompcoin (CHOMP) added 20%.
However, amid the general disappointment surrounding Roaring Kitty’s long-awaited stream, an iconic “Reddit investors” influencer, WallStreetBets-themed meme coins are bleeding.
GME, a meme coin commemorating a stock of the same name, plunged 33% and nearly left the nine-digit coin club.
