Meme Coins Plummet 11% As MAX, PIPPIN, WOLF And FWOG Take The Biggest Hits

Meme coins plunged over 11% in the last 24 hours with MAX, Pippin (PIPPIN), Landwolf (WOLF) and Fwog (FWOG) leading the steep correction.

With the latest pullback, the total capitalization for meme coins dipped below the $100 billion mark to stand at $97,638,709,955 as of 2:01 a.m. EST.

Meme Coins MAX, PIPPIN, WOLF And FWOG Suffer The Most In The Recent Selloff

Leading the meme coin market plunge is MAX, which saw its price drop over 40% in the last 24 hours. This was an extension of the negative trend the meme coin has been in over the last week. As a result, the crypto’s 7-day performance stands at over 70% in the red.

Meanwhile, PIPPIN and WOLF saw their prices plunge more than 31% and 30%, respectively. Both of the meme coins’ recent losses were enough to force their weekly performances into the red as well. 

Similarly, FWOG shed over 30% of its value during the last day of trading. Like MAX, the altcoin’s 24-hour correction was a continuation of the negative trend it was in throughout the past 7 days. As a result, FWOG is now down over 47% on the longer weekly time frame.

24-Hour Liquidations Surpass $699 Million Amid A Broader Crypto Market Correction

The price drops seen in the meme coin market coincided with a broader crypto market correction in the last 24 hours. Bitcoin (BTC) lost the $100K support after a 5% plunge while Ethereum (ETH) retraced over 7% in the same period. Both market leaders played a major part in the 6% correction in the digital asset space’s valuation.

The pullback in prices resulted in more than $699 million being liquidated from open trade positions, CoinGlass data shows. Longs were hit the hardest with more than $653 million wiped out.

As the market corrects, investors will likely wait out the storm through presale tokens such as Flockerz (FLOCK) and Wall Street Pepe (WEPE). Both have raised several millions of dollars and are offering a last chance to buy before their highly-anticipated market debuts.

The Flockerz Vote-To-Earn Phase 1 Roadmap Is Here👀

Flockerz is an ambitious project that aims to disrupt the way meme coins are run.

Here's how🧵 pic.twitter.com/S7nANVWlx0

— Flockerz (@FlockerzToken) January 26, 2025

FLOCK will launch in just over 6 hours, while WEPE will enter the market in 20 days.

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