๐จ **#Alert: Meme Coins DOGE and SHIB Experience Losses as Ethereum Dips 4%**
๐ **Market Update:**
- Amidst a moderate market downturn, meme coins like DOGE and SHIB have faced significant losses, surpassing Ethereum's 4% drop.
๐ **Meme Coin Declines:**
- Dogecoin: -6.8%
- Shiba Inu: -5.5%
- Dogwifhat: -12.3%
- Pepe: -7.3%
- Book of Meme: -9.6%
๐ฅ **Meme Supercycle:**
- Institutional interest boosted meme coins during a recent supercycle, with Solana gaining traction through tokens like Dogwifhat.
๐ **Solana's Surge:**
- Popcat emerged as a top meme coin, soaring 35.5% in the past week. However, it faced a 12.9% decline in the last 24 hours.
๐ **Market Impact:**
- Ethereum dropped 4%, slipping below the $3,000 mark for the first time since May 2.
๐ผ **Liquidations:**
- Over $24 million in long positions for Ethereum liquidated in the past 24 hours, totaling $27 million including short positions.
๐ฐ **Recent Developments:**
- Grayscale withdrew its application to convert Grayscale Ethereum Trust (ETHE) into a spot ETF, similar to its Bitcoin Trust conversion.
Stay informed and navigate the market fluctuations wisely! ๐๐
