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As the cryptocurrency segment is losing value today, the meme coins vertical is affected the most. All the largest meme cryptocurrencies are in the red today with Pepe ($PEPE) and Bonk ($BONK) posting devastating double-digit losses. Some previous spotlights of the sphere lost their positions in the top 100.
Crypto markets plummeting, $PEPE and $BONK amid worst performers
Today, on May 31, 2025, the cryptocurrency segment is under fire. The aggregated market capitalization erased $147 billion in just 24 hours. Meme cryptocurrencies are feeling the worst pain. Pepe ($PEPE), the largest frog coin, is down by 12.1% today, CoinGecko data says.
$PEPE's price dropped to multi-week lows at $0.0000113. $PEPE market capitalization plummeted below $4.7 billion. $PEPE is now down by 60% compared to its all-time high registered Dec. 6, 2024.
SPX6900 ($SPX), the most popular meme coin of Murad Mahmudov's portfolio, is down by 13%. The $SPX price dipped to $0.9595, hitting a local low.
The Bonk ($BONK) cryptocurrency's price plummeted to $0.00001587, losing 10.3% overnight. On shrinking trading volume, Bonk's ($BONK) capitalization plunged to $1.29 billion.
The largest meme coins, Dogecoin ($DOGE) and Shiba Inu ($SHIB), are also losing value today. Dogecoin's ($DOGE) price plunged to $0.189, losing 7.8% overnight. Shiba Inu ($SHIB), the second largest meme coin, saw its price drop to $0.00001254.
$WIF, $FLOKI lost positions in top 100
The net capitalization of the meme coin segment is down by 12%. Within this vertical, the worst-performing classes are frog-themed meme coins (16.1% lost in 24 hours), Murad Mahmudov's meme coins (16% lost) and Solana-based meme cryptos (13.8%).
Also, some of the top-league meme coins have already lost their spots in the top 100. Dogwifhat ($WIF), a pioneering major stablecoin on Solana (SOL), plunged by 18.6%. From 10-digit waters, $WIF's capitalization dropped to $818 million in just 24 hours.
Floki ($FLOKI), another big community meme coin, hit $0.00008003 after losing 13.5% in 24 hours. Based Brett (BRETT) plummeted to $0.0501 with 14.5% lost overnight.
Bitcoin ($BTC) and Ethereum (ETH), the two largest cryptocurrencies, are down by 1.5% and 2.5%, respectively. Bitcoin ($BTC) is attempting to stay above the $2 billion capitalization.