Meme Coin Market Crashes as Whales Dump Tokens in a Selling Spree
The crypto market has actually seen a sharp decrease over the previous 24 hours, with meme coins taking the greatest hit.
According to CoinGecko, the overall crypto market cap fell by over 15%, while the marketplace cap of meme coins come by more than 12% to $113.32 billion as whales left their positions.
Meme Coin Market Reacts to Whale Sell-Offs
The overall crypto market cap dropped to $3.42 trillion on January 8 as a lot of leading cryptocurrencies, consisting of Bitcoin and Ethereum, taped losses.
The decreases amongst the leading meme coins have actually been especially serious. Popular meme coins such as Dogecoin and Shiba Inu experienced big drops on the 24-hour chart, lowering the meme coin market cap.
DOGE was trading at $0.33 after dropping 8.5% over the previous 24 hour...