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😱🩸Iran – Israel tension hit memecoins: Big drop! Memecoins, which have been mentioned frequently in the first months of the year, seem to have lost the excitement behind them in recent days. Joke-themed alt Decoins, which once provided astronomical profits to their investors, are now among the most losers in the market. While the political and military tensions between Israel and Iran in the Middle East have negatively affected Bitcoin (BTC) and Ether (ETH), the risk of war has also been reflected in mem Decoins. The largest cryptocurrency by market capitalization suffered an 8.1 percent depreciation in the last week. In ETH, the weekly loss was 10.1 percent. According to CoinGecko data, Dogecoin (#DOGE ), the ancestor of memecoins, gained 3.6 percent in value in the last 24 hours, but the weekly decline was recorded as 21.4 percent. In Shiba Inu (SHIB), which follows Dogecoin, this figure is at the level of 20 percent. Solana-based memecoin Dogwifhat (WIF) has fallen 25.8 percent in the last 7 days. #PEPE and FLOKI, who took the fourth and fifth places, lost more compared to their opponents. Both altcoins lost 29 percent in value. Market depth remained intact The price drops also caused a decrease in transaction volumes. Data tracked by the institutional crypto exchange FalconX shows that the average daily trading volume of prominent memecoins fell from $ 5.8 billion in March to $ 3 billion in May. Still, this figure is far higher than the daily $ 500 million recorded in January. In addition, the 1% market depth, a liquidity indicator that measures the degree to which large orders at fixed October prices are easily executed, remained strong.. According to FalconX's analysis, the 1% market depth of DOGE, the largest memecoin in the world by market capitalization, reached $ 10 million on Friday, the highest level in the last year. In contrast, the market depth of the second-ranked meme token SHIB has reached $ 4 million. Experts opened a separate bracket for memecoin liquidity to remain intact despite the decline. #Memecoins #binance

😱🩸Iran – Israel tension hit memecoins: Big drop!

Memecoins, which have been mentioned frequently in the first months of the year, seem to have lost the excitement behind them in recent days. Joke-themed alt Decoins, which once provided astronomical profits to their investors, are now among the most losers in the market.

While the political and military tensions between Israel and Iran in the Middle East have negatively affected Bitcoin (BTC) and Ether (ETH), the risk of war has also been reflected in mem Decoins.

The largest cryptocurrency by market capitalization suffered an 8.1 percent depreciation in the last week. In ETH, the weekly loss was 10.1 percent.

According to CoinGecko data, Dogecoin (#DOGE ), the ancestor of memecoins, gained 3.6 percent in value in the last 24 hours, but the weekly decline was recorded as 21.4 percent. In Shiba Inu (SHIB), which follows Dogecoin, this figure is at the level of 20 percent.

Solana-based memecoin Dogwifhat (WIF) has fallen 25.8 percent in the last 7 days. #PEPE and FLOKI, who took the fourth and fifth places, lost more compared to their opponents. Both altcoins lost 29 percent in value.

Market depth remained intact

The price drops also caused a decrease in transaction volumes. Data tracked by the institutional crypto exchange FalconX shows that the average daily trading volume of prominent memecoins fell from $ 5.8 billion in March to $ 3 billion in May. Still, this figure is far higher than the daily $ 500 million recorded in January.

In addition, the 1% market depth, a liquidity indicator that measures the degree to which large orders at fixed October prices are easily executed, remained strong..

According to FalconX's analysis, the 1% market depth of DOGE, the largest memecoin in the world by market capitalization, reached $ 10 million on Friday, the highest level in the last year. In contrast, the market depth of the second-ranked meme token SHIB has reached $ 4 million.

Experts opened a separate bracket for memecoin liquidity to remain intact despite the decline.

#Memecoins #binance

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