{"id":323369,"date":"2024-06-14T14:14:49","date_gmt":"2024-06-14T08:44:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=323369"},"modified":"2024-06-14T14:14:49","modified_gmt":"2024-06-14T08:44:49","slug":"memecoins-get-decimated-amid-market-downturn-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/memecoins-get-decimated-amid-market-downturn-crypto-news\/","title":{"rendered":"Memecoins Get Decimated Amid Market Downturn – Crypto News"},"content":{"rendered":"

<\/p>\n

Leading memecoins have plunged, with market leaders PEPE and WIF dropping 15% and 25%, respectively, in the past seven days.<\/p>\n

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After a stellar run in May, top memecoins have posted substantial losses over the last week.<\/p>\n

DOGE, SHIB, and PEPE are all down more than 10% in the last 7 days, and WIF has plummeted 26% on the week. Despite being some of the strongest performers of 2024, the recent market volatility has hit the sector especially hard.<\/p>\n

Memecoins have been bleeding since the beginning of June, but the most recent market selloff sparked another harsh move to the downside. The move comes at a time when memecoins are facing more scrutiny than usual due to the influx of celebrity-backed tokens<\/a> that have launched on Solana over the last month.<\/p>\n

<\/p>\n

PEPE Price<\/figcaption><\/figure>\n

<\/a><\/p>\n

High volatility in memecoins is expected, and PEPE is still up 12% over the last 30 days and remains one of the top performers in the top 50 tokens by market cap.<\/p>\n

<\/p>\n

\"WIF
WIF Price<\/figcaption><\/figure>\n

<\/a><\/p>\n

Meanwhile, WIF, the leading memecoin on Solana, is down 15% in the same timeframe, making it one of the weakest performers in the top 50.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Leading memecoins have plunged, with market leaders PEPE and WIF dropping 15% and 25%, respectively, in the past seven days. After a stellar run in May, top memecoins have posted substantial losses over the last week. DOGE, SHIB, and PEPE are all down more than 10% in the last 7 days, and WIF has plummeted […]<\/p>\n","protected":false},"author":2,"featured_media":323372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-323369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/323369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=323369"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/323369\/revisions"}],"predecessor-version":[{"id":323379,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/323369\/revisions\/323379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/323372"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=323369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=323369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=323369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}