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The meme coin market suffered a massive sell-off, wiping out $10 billion in value as PEPE and BONK led the decline. Major tokens like DOGE and SHIB also saw significant drops, reflecting broader investor caution. The downturn highlights the volatility of meme coins amid shaky crypto market conditions.
- PEPE and BONK led the meme coin sell-off with losses of 12.1% and 10.3%, respectively, wiping out $10 billion in market value.
- Dogwifhat (WIF) and Floki (FLOKI) dropped sharply, with WIF losing 18.6% and falling out of the top 100 cryptocurrencies.
- Bitcoin and Ethereum saw smaller declines (1.5% and 2.5%), but meme coins suffered disproportionately, highlighting their volatility.
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