May 8, 2024
Markets
Meme Coins DOGE and SHIB See Losses as Ethereum Drops 4%
During this market lull, meme coins have still been performing but this trend appears to have come to an end. The top meme coins have seen losses that outweigh Ethereum’s drop in the last 24 hours. Legacy meme coin Dogecoin has dropped 6.8% while Shiba Inu slipped 5.5% in the past day. Meanwhile, Dogwifhat fell a sizable 12.3%. It wasn’t just dog coins though, even Pepe saw a decline of 7.3% and Book of Meme fell 9.6%, according to CoinGecko data. This comes after somewhat of a meme supercycle,...