The post Major Meme Coins Face Double-Digit Losses Amid Crypto Market Decline appeared on BitcoinEthereumNews.com.

TLDR Meme coins experiencing broad selloff with most down 10%+ in 24 hours Dogecoin down 11.47% to $0.349467 SHIB declined 10.38% to $0.00002167 PEPE dropped 11.10% to $0.00001828 BONK fell 14.28% to $0.00002952 Meme cryptocurrencies faced substantial price declines over the past 24 hours, with market leaders like Dogecoin and Shiba Inu experiencing double-digit percentage drops. The downturn comes as part of a wider cryptocurrency market correction that has affected both established and emerging digital assets. Dogecoin, the original meme cryptocurrency, recorded an 11.47% decline, bringing its price to $0.349467. As the largest meme coin by market capitalization, Dogecoin’s movement often serves as an indicator for the broader meme coin sector. Shiba Inu (SHIB), the second-largest meme token, saw its value decrease by 10.38%, settling at $0.00002167. The token, which gained popularity in 2021, continues to maintain its position as a leading meme cryptocurrency despite the recent price reduction. PEPE coin, a newer entrant in the meme coin space, experienced an 11.10% drop, with its price falling to $0.00001828. The token, which launched in 2023, has shown similar volatility patterns to its more established counterparts. BONK, a Solana-based meme token, recorded one of the steeper declines among major meme coins, falling 14.28% to $0.00002952. This decline represents one of the largest percentage drops among the top meme cryptocurrencies during this period. The price movements occurred against a backdrop of broader market decline, with Bitcoin, the largest cryptocurrency by market cap, down 5.83% to $95,763.00. Ethereum, the second-largest cryptocurrency, also fell by 8.16% to $3,360.61. Marketwide Downturn Other major cryptocurrencies showed similar downward trends, with Cardano (ADA) dropping 12.54% and Solana (SOL) declining by 8.50%. These movements suggest a market-wide correction rather than meme coin-specific issues. Trading volumes across meme coins remained consistent with recent averages, indicating that the price drops…

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Filed under: News - @ January 8, 2025 12:25 pm