Meme Coin Bloodbath: DOGE, SHIB Worst Performers, FLOKI Leaves Top 100
Dogecoin (DOGE) and Shiba Inu (SHIB), two largest meme cryptocurrencies, are underperforming today Cover image via www.freepik.com Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest meme cryptocurrencies (dog-coins) by market capitalization, are both in worst performer list today. Meanwhile, once-leading meme coins like Floki (FLOKI), Dogwifhat (WIF) or Murad's pick SPX6900 (SPX), are losing steam in the top 100.Apathy: DOGE, SHIB meme cryptos worst performers in top 100In the 10 worst-performing coins of the top 100 with the weakest daily dynamics, two of the assets are the largest meme coins. Dogecoin (DOGE), the first-ever meme cryptocurrency, is down by 3.4%. Its price dropped to $0.1676 while the asset erased $875 million of its capitalization overnight.Image by CoinGeckoAs covered by U.Today previously, Dogecoin (DOGE) touched a critical level in its latest freefall. Related Shiba Inu (SHIB), the second-largest altcoin, is hit even worse. With 4.1% lost in 24 hours, it has all been replaced by Sui (SUI) as the 22th largest altcoin. Despite being in green on weekly time frame, the SHIB price plunged to $0.00001265 today.Pepe (PEPE), the third-largest meme coin is down 3.3% today. Meanwhile, the market benchmark only slumped by 2.8%, hitting $2.79 trillion.Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies, outperform market with 0.7% daily losses each. In total, the cryptocurrency market registered $200 million in liquidations, mostly long positions. Meme coin longs are responsible for over 20% of this amount.FLOKI, WIF, SPX: Meme coin legends out of elite leagueMid-cap meme coins are also feeling the pain. Pudgy Penguins (PENGU) is the second-worst performer in the top 200, with 12% losses. All iconic meme coins of this cycle are in red.Dogwifhat (WIF) lost 5% of market cap overnight, while SPX6900 (SPX) saw its capitalization dropping by 4.7%. For all of the mentioned assets, trading volume is losing steam.Floki (FLOKI), another once-leading dog-themed meme coin, dropped by 2.7% to $0.00006038. Apathy: DOGE, SHIB meme cryptos worst performers in top 100FLOKI, WIF, SPX: Meme coin legends out of elite league Related articles