Meme cash Bonk, Pepe, and Brett are among the many prime 5 worst losers within the prime 100 cryptocurrencies previously day, in accordance with Coingecko information.
Solana’s canine coin Bonk (BONK) has taken the best hit, falling 12.1% to $0.000023 on the day. This comes amid a Bonk DAO vote to burn 100% of the BONK earned by the Decentralized Autonomous Group (DAO). On the time of writing, the approval is about to go with 99.3% of the vote.
In the meantime Ethereum’s Pepe (PEPE) is down 9.6% and Base chain’s Brett (BRETT) has fallen 8.1%. These are outsized losses in comparison with the broader meme coin market, as outlined by CoinGecko, which has slipped by 3% previously 24 hours.
Different huge meme losers embody Dogwifhat (WIF) which has fallen 5.1%, Mog Coin (MOG) down 12.7%, and Popcat (POPCAT) which has stumbled 10.6%. Even meme coin veteran Dogecoin (DOGE) is down 3.1%.
In truth, the meme coin market has been hit so exhausting that solely one of many prime 50 meme cash by market cap is within the inexperienced over the previous 24 hours. Ethereum’s Kendu Inu (KENDU) is up 13.3% after a Coinbase video promoting its new pockets net app included the token’s ticker.
“Discover something chads,” the meme coin’s Twitter account posted, “Coinbase it’s time.”
Discover something chads? 😏@coinbase it is time.
Record $KENDU 🪖🍸 https://t.co/1OWlyVYSnm
— Kendu Inu (@KenduInu) July 11, 2024
In accordance with CoinGecko, KENDU has a market cap simply shy of $100 million after its 21% rise over the previous week.
Regardless of the meme coin market taking a success, zooming out it doesn’t look too dangerous.
The meme coin class has gained 3.1% over the previous 7 days, with a lot of immediately’s losers nonetheless being valued increased than they have been every week in the past.
This contains MOG which is up 21.3%, Bonk up 12.9%, Doge nonetheless up 7.8%, Popcat 4.4%, and Pepe 5.2%.
Edited by Stacy Elliott.