According to BlockBeats, the Meme coin sector experienced a substantial decline on July 8th. The most affected coins include WIF, PEOPLE, SHIB, BONK, PEPE, and DOGE.
WIF saw the largest drop, with a 24-hour decrease of 17.9%, and was temporarily reported at 1.648 USD. PEOPLE followed closely with a 24-hour drop of 13.38%, temporarily standing at 0.051 USD. SHIB also experienced a significant decrease, with a 24-hour drop of 11.19%, temporarily reported at 0.0000154 USD.
BONK and PEPE were not spared either. BONK had a 24-hour decrease of 9.78%, temporarily standing at 0.00002094 USD. PEPE saw a 24-hour drop of 14.18%, temporarily reported at 0.00000835 USD. DOGE, one of the more popular coins in the sector, also experienced a decrease, with a 24-hour drop of 8.5%, temporarily standing at 0.1036 USD.
This significant drop in the Meme coin sector is a clear indication of the volatility of the cryptocurrency market. Investors are advised to stay informed and make decisions based on careful analysis of market trends.