When $BTC and #ETH are down, even memecoins can't escape the dip. $PEPE ๐ธ is feeling it the most, dropping over 10% ๐ in the last day to $0.0000084. ๐ค๐ Interestingly, trading volume is actually up over 45% at $780 million, but that's not enough to offset the price drop. ๐คท
His doggy ๐ถ buddies #WIF and $BONK are whimpering too, down 7% and 12% respectively. ๐
Zooming out, things aren't much better. #BONK is the least worse off, down just -23% over the past month, while WIF and PEPE are down over 40% and 30%. To add insult to injury, the entire memecoin market cap has shrunk from over $57 billion to $40 billion.
Rough times for memecoins, โ๏ธ right? DYOR! ๐ #altcoins