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As cryptocurrency markets are stagnant, the meme cryptos segment is underperforming today. Bonk ($BONK) and Pepe ($PEPE), large community-driven meme coins, are in the red. By contrast, smaller cryptocurrencies like Pudgy Penguin ($PENGU) are rocketing.
Meme cryptos in red: $BONK, $PEPE, $SHIB losing value
Top meme coins Bonk ($BONK) and Pepe ($PEPE) are among the worst performers today, on May 3, 2025. Bonk ($BONK), one of the largest meme coins, lost over 4.6% of its capitalization overnight. $BONK's price dropped to weekly lows at $0.0000178.
Pepe ($PEPE), the first-ever frog coin, is also down today. In the last 24 hours, $PEPE's price is down by over 3.1%. As $PEPE dips below $0.000008491, its capitalization is close to multi-week lows at $3.5 billion.
The largest meme cryptocurrencies look stronger: the Dogecoin (DOGE) price lost 0.9%, while the Shiba Inu ($SHIB) price plunged to $0.00001323. Shiba Inu ($SHIB) is on the verge of losing its position in the top 20 cryptocurrencies by market cap.
In the segment of smaller cryptocurrencies, some assets are outperforming. NFT-associated meme coin Pudgy Penguin ($PENGU) added 12% overnight.
The market benchmark is down by 2.1%; the overall capitalization of digital assets hit $3.1 trillion in equivalent.
Bitcoin ETFs AUM over $115 billion, highest since mid-February
Meanwhile, Bitcoin ($BTC) and Ethereum (ETH) are both surging. The largest cryptocurrencies are up by 0.1%. Bitcoin ($BTC) investors turned optimistic as ETFs flow is positive for the third day in a row.
As per CoinGlass data, Bitcoin-based spot ETFs in the U.S. saw their AUM metric surging for almost three weeks. The aggregated AUM of Bitcoin ETFs jumped from $91 billion to over $115 billion, adding 26.4% in days.
In yesterday's session, for the first time in two weeks, investors managed to increase Bitcoin ($BTC) spot ETFs AUM by over $100 million in 24 days.
Bitcoin ($BTC) is changing hands at $96,283 as of printing time.