Memecoins
Top meme coins BRETT, PEPE and FLOKI collapse as cryptocurrencies fall
Contents
- “PEPE’s best friend”, BRETT, among today’s worst performing cryptocurrencies
- Dogwifhat (WIF), Mog Coin (MOG) in green despite painful start to week for cryptocurrencies
Today the major meme cryptocurrencies are underperforming. 90% of major meme coins are in the red, while most of them are posting double-digit losses. However, two dogcoins among the top 200 cryptocurrencies by market capitalization have managed to grow even in such a painful context.
“PEPE’s best friend”, BRETT, among today’s worst performing cryptocurrencies
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 has only managed to outperform Ordi (ORDI) and Notcoin (NOT), while Uniswap (UNI) posts similar losses.
Image by CoinGecko
Brett (BRETT) is close to losing the $1.3 billion market cap level. Other major meme coins are also under pressure today.
Shiba Inu (SHIB) and Pepe (PEPE) lose 5.2-5.3%. Meanwhile, today the market benchmark for the cryptocurrency segment is 4%.
Dogecoin (DOGE) lost 4.1%, while other major meme cryptocurrencies Bonk (BONK) and Floki (FLOKI) are also in the red, but slightly above the market average.
In total, the meme cryptocurrency segment lost 5% in the last 24 hours, CoinGecko data says.
Dogwifhat (WIF), Mog Coin (MOG) in green despite painful start to week for cryptocurrencies
At the same time, two major meme coins managed to post smaller gains despite market hostility. Dogwifhat (WIF), one of Solana’s top meme cryptocurrencies, gained 1.1%, while Mog Coin (MOG) rose 4% on the Ethereum (ETH) and Base (BASE) platforms.
As the cryptocurrency market sees over $300 million wiped out in short and long positions due to liquidations over the past 24 hours, meme coins are also among the hardest hit by the dropdown.
Traders DOGE and PEPE lost over $7.5 million, while ConstitutionDAO (PEOPLE) and Dogwifhat (WIF) are also among the top 10 most affected cryptocurrencies. CoinGlass the data shows.
Bitcoin (BTC) drops 4.8%, while Ethereum (ETH) loses 5.5% on news of Mt.Gox’s multi-billion dollar compensation plan and geopolitical tensions.