Crisis in Memecoins: These 5 projects couldn't withstand the sales!

Which projects caused fear in memecoins that collapsed below 64 thousand dollars due to Bitcoin?

After the announcement of the Fed interest rate decision, Bitcoin faced selling pressure and dropped below $64,000 within minutes. The sharp decline in altcoins, caused by both the fall of BTC and the increase in dominance, created a panic atmosphere among investors. Significant sell-offs were seen, especially in memecoins. So, which altcoins stood out with their price movements in the last 24 hours?

1- dogwifhat (WIF)

The popular name for dog-themed meme coins on Solana, WIF, has experienced a 14.80% decrease in the last 24 hours. It ranked first on the list of biggest decliners of the day. Leading the upward movements, WIF continues to stand out in the declines. Sales of WIF may increase as the decline in BTC continues.

2- Book of Meme (BOME)

BOME, which is a relatively new memecoin on the Ethereum network, lost 14.50% in the last 24 hours. Sitting in the second spot on the list, BOME is currently trading at a critical level. If BOME fails to maintain its current level, it could test lower levels.

3- Mog Coin (MOG)

MOG, one of the leading projects in the cat meme coin frenzy, has dropped by 11.50% in the last 24 hours. MOG, which hit an all-time high with the cat meme coin trend just before the BTC drop, is currently disappointing its investors.

4- THORChain (RUNE)

RUNE, one of the stars of the 2021 bull market, seemed ready for the 2024 bull market. However, the market’s bearish pricing for some time has cut off RUNE’s momentum. The altcoin, which fell 11.20% in the last 24 hours, joined the list from fourth place.

5- Bonk (BONK)

BONK, one of the popular memecoins in the Solana ecosystem, lost 10.50% in the last 24 hours. BONK, which has fallen out of favor with the rise of cat memecoins, has lost its strength even more with the market’s retreat.

This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.