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As the broader crypto market trades flat, meme coins have experienced a torrid duration of it today, because they retrace from recent peaks.
Solana-based Dogwifhat (WIF) dropped double-digits overnight, because it ongoing to slide from your all-time high focused on March 31st. The cryptocurrency is presently lower 15.9% at the time and 10.4% around the week, buying and selling at $3.26, per data from CoinGecko.
Other dog-themed coins have tucked in the last day, with Dogecoin (DOGE) lower 4.9%, Floki Inu (FLOKI) lower 6.4% and BONK lower 5%. From the canine gold coin category, only Shiba Inu (SHIB) is buying and selling flat at the time, although it remains lower 13.3% around the week.
Elsewhere within the meme category, PEPE is lower 7% at the time, as the Solana-based Book of Meme (BOME) is lower 12.9% to trade at $.01351.
It continues a wider trend of meme coins retracing from last week’s rally, as Bitcoin tucked to $65,000 the 2009 week. In general, the meme gold coin category has came by 18.5% in the last week, per data from CoinGecko.
That fall needs to be observed in context, though approximately the other day, Dogecoin soared to in excess of $.20 the very first time since 2021. That very same day, WIF published an all-time high, ongoing to increase until hitting $4.83 on March 31st.
The meme gold coin asset class has risen alongside Bitcoin’s cost surge this season, with Solana being a hive of buying and selling activity.
In March, the chain saw record buying and selling volumes on decentralized exchanges (DEXs) propelled by meme coins for example Dogwifhat. DEXs on Ethereum scaling network Base likewise broke records a week ago, having a meme gold coin gold hurry driving $1.22 billion price of buying and selling volume.
