• Meme cash comparable to Dogecoin (DOGE), BOME, WIF, and Bonk have seen a big drop in worth.
• The cryptocurrency market is dominated by bearish sentiment and could also be affected by exterior elements.
• The promoting stress has led to a downward development throughout meme cash, with some dealing with double-digit losses.

Current market actions have prompted important worth declines for a number of widespread meme cash, together with Dogecoin (DOGE), BOOK OF MEME (BOME), dogwifhat (WIF), and Bonk. These declines replicate a development of bearish sentiment throughout the cryptocurrency market, which can be influenced by exterior financial elements, regulatory information, adjustments in investor confidence, and so on.

Widespread for its easy-going origins and powerful group assist, Dogecoin skilled a notable drop of three.52% over the previous 24 hours, with its worth hovering round $0.120748. The drop has diminished its market cap to $17.55 billion.

sauce: CoinMarketCap

The worth motion has been characterised by an preliminary stabilization across the $0.1255 stage, a short peak above $0.126, after which a pointy drop to present ranges. This sample suggests a big sell-off or a response to destructive market information that impacts investor sentiment.

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This text, “Meme Coin Meltdown: Dogecoin, BOME, WIF, Bonk Undergo Losses,” first appeared on Coin Version.