Top Meme Coins Post Double Digit Losses Amid Crypto Market Rout
Meme coins experienced significant declines, driven by a global market selloff and panic over new tariffs announced by U.S. President Donald Trump. Dogecoin (DOGE) fell 16.6% to $0.1377, while Shiba Inu (SHIB) dropped 11.3% to $0.00001077. Other meme coins like Pepe coin (PEPE) and Bonk (BONK) decreased by 13.9% and 13.8%, respectively. The total meme coin market lost 17% of its value, with capitalization sinking to $41.7 billion. Crypto liquidations reached $1.4 billion, including over $460 million from Bitcoin trades. Bitcoin's price fell below $77,000, marking an 8% decline to $76,328, contributing to an overall crypto market capitalization drop of 10.8% to under $2.5 trillion. The rapid declines have drawn parallels to the market crash of October 1987.
