📉 The memecoin market dropped sharply! DOGE, SHIB and WIF all corrected as the entire crypto market sold off on August 2.

đŸ”» Total memecoin market capitalization decreased by 21.5% in the past 10 days, from $54.70B to $42.91B.

📉 Daily trading volume also decreased by 21% over the same period.

📉 MOG decreased the most with 12%, BOME decreased by 9%, and WIF decreased by 6%.

đŸ¶ DOGE decreased by 2.5%, price to $0.1131, accounting for 62% of the memecoin market share.

🐕‍đŸŠș SHIB decreased 2.13%, capitalization to $8.86B, holding second place.

📉 The weakening altcoin market leads to a decrease in memecoin.

📉 TOTAL2 decreased by 13% from $1,031T to $942B.

📊 RSI shows that altcoins are overvalued, leading to a trend reversal.

📉 Memecoin trading volume has decreased by 86% since March, currently at $175.3M.

💬 What do you think about the future of memecoin? Share your opinion! 👇