The recent significant declines in the cryptocurrency market have hit meme coins especially hard. Dogwifhat (WIF) was the worst performing coin, losing 18% in value in the last 24 hours. WIF's market cap has fallen below $3 billion, putting it in danger of losing its status as the fourth-largest meme coin.
Meme Coins Affected
WIF's decline is part of a trend across meme coins. Popular meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) also suffered serious losses. DOGE lost 9.7%, SHIB 7.5% and PEPE 11.3%. According to CoinGlass data, meme coin investors lost over $20 million in long positions in the last 24 hours. While the total value of the cryptocurrency market decreased by 3.2%, Bitcoin (BTC) lost 3.5%.
The Biggest Drop Since April
These sharp declines in the meme coin segment are part of the most serious decline in the crypto market since mid-April. The total liquidation of the market reached $415 million, making it the largest liquidation event since April 13, 2024. These widespread sell-offs indicate high market volatility and investor anxiety.
Increase in Small Meme Coins
Interestingly, while large-cap coins struggled, some small-cap coins showed resilience and growth. For example, Base-based meme coin Basenji (BENJI) rose 33% in a single day to reach a market cap of $70 million. Similarly, Chompcoin (CHOMP) recorded a 20% increase. These gains reveal the unpredictable nature of the meme coin market, where smaller tokens can sometimes outperform their larger counterparts.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
