The cryptocurrency market experienced considerable volatility this week, impacting several prominent memecoins. Here, we analyze the performance of four memecoins that saw significant declines.
Moutai experienced a significant drop, with its price decreasing by 9.07% in the last 24 hours and a total of 36% over the past week. Currently priced at $0.01827, Moutai's market cap stands at $12.73 million, with a trading volume of $436.2 million.
Degen faced a tough week, experiencing a 3.54% decline in the past day and a 33.8% drop over the week. It is currently valued at $0.01334, with a market cap of $189,194,896 and a 24-hour trading volume of $26.98 million.
TokenFi also saw significant declines, with a 6.18% decrease in the last 24 hours and a 33% drop over the week. The token is priced at $0.09636, with a market cap of $96,357,944 and a trading volume of $18.6 million.
PUPS recorded a notable decline, with a 4.35% drop in the past day and a 31.08% decrease over the week. Trading at $12.83, it has a market cap of $99.65 million and a trading volume of $1.9 million.
These memecoins have faced significant challenges amid the broader market downturn, reflecting the inherent volatility of the cryptocurrency market. Investors should remain cautious and stay informed about market trends to navigate these fluctuations effectively.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.