Meme Coins Plummet as Crypto Market Declines
The cryptocurrency market is experiencing a significant downturn, with major coins like ETH, XRP, and meme coins like DOGE, SHIB, and PEPE seeing notable price drops. According to CoinGecko, the meme coin sector has dropped 10% in the past 24 hours, with individual coins like DOGE down 6.4%, SHIB down 4.8%, and PEPE down 10%. The Crypto Fear and Greed Index indicates a fearful market sentiment, with a score of 28 points, compared to 53 last week and 72 last month. The market is cautious about potential selling pressure from creditors disposing of recovered BTC and BCH from the defunct Mt. Gox exchange.