{"id":559731,"date":"2024-08-02T10:07:21","date_gmt":"2024-08-02T10:07:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=559731"},"modified":"2024-08-02T10:07:21","modified_gmt":"2024-08-02T10:07:21","slug":"meme-coin-bloodbath-continues-as-doge-shib-and-pepe-all-plunge","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/meme-coin-bloodbath-continues-as-doge-shib-and-pepe-all-plunge","title":{"rendered":"Meme Coin Bloodbath Continues As DOGE, SHIB, And PEPE All Plunge"},"content":{"rendered":"

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.<\/span><\/p>\n

The DOGE price tumbled more than over 3% in the last 24 hours to trade at $0.1162 <\/span>as of 3:50 a.m. EST, while <\/span>dog-themed rival SHIB dropped by an identical amount. <\/span>PEPE<\/span><\/a> plummeted 5%, taking its weekly loss to 15%.<\/span><\/p>\n

Top 5 Meme Coins Hit In Latest Meme Coin Bloodbath<\/span><\/h2>\n

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Top 5 meme coins by market cap (Source: <\/span>CoinGecko<\/span><\/a>)<\/span><\/em><\/p>\n

WIF Suffers The Most With A 27% Weekly Plunge<\/span><\/h2>\n

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%.<\/span><\/p>\n

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).<\/span><\/p>\n

Only POPCAT<\/a> (POPCAT) emerged unscathed among the top 10 meme coins, posting a gravity-defying 6% gain.<\/span><\/p>\n

Meme Coin Presales Defy Gravity<\/h2>\n

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.<\/span><\/p>\n

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

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<\/span><\/p>\n

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That feeling when you are in the Pepe Unchained Presale 🐸🙃 pic.twitter.com\/2yzu5NnMJd<\/a><\/p>\n

— Pepe Unchained (@pepe_unchained) July 30, 2024<\/a><\/p><\/blockquote>\n