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Solana Meme Coins Slump as Degens Ditch Pump.fun Solana Meme Coins Slump as Degens Ditch Pump.fun

Dogecoin Dives 10%—But These Meme Coins Are Down Even Worse

Dogecoin is having a rough day, with the leading meme coin plunging by 10% over the past 24 hours amid a market-wide decline that followed mixed U.S. economic reports released earlier Tuesday.

But while DOGE is the biggest loser among the top 10 cryptocurrencies by market cap—beating heavyweights like Bitcoin, Ethereum, and Solana on that front—other major meme coins are even worse off as of this writing.

Solana-based dog coins Bonk (BONK) and Dogwifhat (WIF) are both down about 11% as of this writing, while recently buzzy AI agent meme coin AI16Z has fallen by nearly 15% today.

Floki (FLOKI), Brett (BRETT), and Gigachad (GIGA) are similarly down about 11% over the past day, though SPX6900 has fallen nearly 14% and Popcat (POPCAT) has plummeted almost 16% as of this writing.

Only one meme coin in the top 250 cryptocurrencies by market cap is in the green over the past day: Akuma Inu, a dog-themed token on Ethereum layer-2 network Base, which has spiked 55% on the day amid a 264% weekly surge.

Dogecoin is currently priced at about $0.35, down just shy of 10% on the day. Even so, it remains up 11% over the past week, thanks to a spike in the early days of the month that took the original meme coin to a price of almost $0.40.

Galaxy Digital last week said that it expects Dogecoin to hit $1.00 for the first time in 2025, beating its previous all-time high mark of $0.73 from 2021—though Tuesday’s price decline takes DOGE even further away from that goal.

Meme coins are famously volatile, and while the established, high-value coins are less likely to plummet to zero with little notice, they still tend to swing harder than major coins like Bitcoin or Ethereum. Bitcoin is down nearly 5% today, for example, but Dogecoin and other meme coins are down twice as much.

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Andrew Hayward

https://decrypt.co/299937/dogecoin-dives-meme-coins-down-worse

2025-01-07 22:14:45

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