Meme Coin Bloodbath: Base, Solana Meme Cryptos Decimated
Release: 2024/05/01 23:15 Reading: 501
Cover image via U.Today
Shiba Inu (SHIB) and Dogecoin (DOGE) Competitors on Solana (SOL) and Base (BASE) Blockchains Face Pressure
As Bitcoin (BTC) dipped below $60,000, competitors of Shiba Inu (SHIB) and Dogecoin (DOGE) on the Solana (SOL) and Base (BASE) blockchains are experiencing significant pressure. Over the past seven days, the Base meme crypto scene has shed more than a third of its value.
Base Meme Coins Segment Loses 24% in 24 Hours
The meme cryptocurrency segments on Base (BASE) and Solana (SOL) have once again been among the most heavily impacted categories of altcoins during a recent market sell-off. In the past 24 hours, meme coins on Base (BASE) have lost nearly 24% of their capitalization. src="/uploads/20240504/17148051856635d9c11df7f.png">Image by CoinGecko**
Low-cap assets within the Base (BASE) meme coin ecosystem have suffered the most significant losses. However, flagship coins such as BRETT, DEGEN, and HIGHER have also experienced 10%-15% drops.
Cat-themed meme coins have been the fifth worst-affected category on CoinGecko, with a 17% loss overnight. However, leaders Cat In The Dog World (MEW) and Mog Coin (MOG) have outperformed the overall crypto market with minimal losses of 3-4%.
The Solana (SOL) meme coin ecosystem has lost 15% in 24 hours, with leaders WIF, BONK, and BOME experiencing only 1-6% price declines.
As previously reported by U.Today, meme coins on Solana (SOL) and Base (BASE) were also impacted by last weekend's price plunge.
Crypto Liquidations Approach $400 Million
In the past 24 hours, the total capitalization of cryptocurrency markets has decreased by 3.9%. Bitcoin (BTC), the leading cryptocurrency, has lost 5.7% of its value.
This decline has been attributed to the conclusion of Binance CEO CZ's trial and the underwhelming launch of Hong Kong's crypto-based spot ETFs.
As a result, numerous Bitcoin (BTC) and altcoin futures traders have been liquidated in the past 24 hours. CoinGlass data indicates that over $390 million in positions, primarily longs, have been erased.
Bitcoin (BTC) and Ethereum (ETH) account for $250 million of this total.
Recent news
More>- President Donald (PRESDON) Will Explode Over 15,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
- Top Meme Coins for December 2024: 5 Picks to Buy Before They Take Off! 11-23
- XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale 11-23
- What’s Next for Crypto After Bitcoin Take $100k Price Level? Catzilla Coin Among 3 Altcoins Poised for Big Moves 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com