Shiba Inu, Dogecoin lose value, meme coins emerge DOGS, SUNDOG, CAT rise 30%

Dogecoin and Shiba Inu lose nearly 3% of their value despite maintaining seven-day gains.

DOGS community released on-chain airdrop claims, TON network might undergo stress test with 10 million users trading at simultaneously.

SUNDOG and CAT gained roughly 30% in 24 hours as meme coins gained attention.

Monday saw Dogecoin (DOGE) and Shiba Inu (SHIB), the two biggest meme currencies in the crypto industry, lose nearly 3% of their value. However, CoinGecko data shows meme currencies SunDog (SUNDOG) and Simon's Cat (CAT) rose over 30% in 24 hours.

Holders of new meme currencies outperform DOGE and SHIB with double-digit gains.

While Dogecoin and Shiba Inu decline, SUNDOG and CAT see double-digit gains in the past 24 hours, according to CoinGecko statistics. The less well-known meme currencies Daddy Tate (DADDY), Fwog (FWOG), and Resistance Dog (REDO) gained 20%, 28%, and 46%, respectively.


TRON founder Justin Sun created SUNDOG on Sunpump. By August 26, 2024, the meme currency had over $288 million in market value.

Shiba Inu and Dogecoin lost nearly 3% on Monday and trade at $0.1070 and $0.00001468.

DOGS listed on main exchanges, TON network tested
Telegram's meme coin DOGS has a significant user base because to its tap-to-earn methodology. Early on August 26, the TON community warned that the network might struggle to support 10 million DOGS traders.

Asian journalist Colin Wu predicted a few transaction processing delays.

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