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Major meme cryptocurrencies are underperforming today. Ninety percent of top meme coins are in red, while the majority of them are posting double-digit losses. However, two dog-coins from the top 200 cryptos by market cap managed to surge even against such a painful background.
"$PEPE's best friend," $BRETT, among the worst performing cryptos today
Today, June 24, 2024, Based Brett ($BRETT), one of the largest meme coins on the Base (BASE) blockchain, is down by 9.4%. As such, it is a fourth worst performing crypto in the top 100. It only managed to outperform Ordi (ORDI) and Notcoin (NOT), while Uniswap (UNI) registers similar losses.
$BRETT meme coin is among worst performers">Based Brett ($BRETT) is close to losing the $1.3 billion market cap level. Other major meme coins are also under pressure today.
Shiba Inu (SHIB) and Pepe ($PEPE) are down by 5.2-5.3%. Meanwhile, the market benchmark for cryptocurrency segment is 4% today.
Dogecoin ($DOGE) lost 4.1%, while other largest meme cryptos Bonk (BONK) and Floki (FLOKI) are also in the red but are slightly outdoing the market average.
In total, the segment of meme cryptos lost 5% in the last 24 hours, CoinGecko data says.
Dogwifhat ($WIF), Mog Coin ($MOG) in green despite painful start of week for crypto
At the same time, two large meme coins managed to post minor gains despite market hostility. Dogwifhat ($WIF), a major Solana meme cryptocurrency, added 1.1%, while Mog Coin ($MOG) is up by 4% on Ethereum ($ETH) and Base (BASE) platforms.
As the cryptocurrency market sees over $300 million erased in shorts and longs due to liquidations in the last 24 hours, meme coins are also among the worst affected by the dropdown.
$DOGE and $PEPE traders lost over $7.5 million, while ConstituitionDAO (PEOPLE) and Dogwifhat ($WIF) are also on the list of the 10 most affected cryptos, CoinGlass data shows.
Bitcoin (BTC) is down by 4.8%, while Ethereum ($ETH) lost 5.5% on the news of the multi-billion Mt. Gox compensation plan and geopolitical tensions.