It looks like the euphoria around meme coins might be finally gone. Out of the 10 worst performing categories on CoinGecko, five are associated with meme cryptocurrencies. At the same time, the most painful losses are associated with small-caps.In the last 24 hours, amid the general crypto market apathy, meme-associated coins are yet again suffering the most. Two ecosystems demonstrated the worst performance metrics.
Solana's meme coin segment erased 12.6% of its value. The net market capitalization of Solana-based meme cryptocurrencies barely exceeds $1.67 billion. Also, cat-themed meme coins and BRC-20 assets are amid the worst performers.$8.5 million worth of DOGE, WIF, BONK positions liquidated, mostly longs
This dropdown in the meme coin sphere triggered eight-digit liquidations on futures markets. Dogecoin , Dogwifhat , Bonk and Pepe are the worst sufferers here. With $150 million in total liquidated in the last 24 hours, three largest meme coins are responsible for $8.5 million in equivalent lost.The total crypto market capitalization is down by 2%, data says.
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