coingape.com
Against the backdrop of market corrections and consolidations witnessed recently, meme coins once again nabbed significant investor attention today, Aril 5, jotting down remarkable downturns in the past 24 hours. Some of the top meme coins, encompassing Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), Pepe (PEPE), and Book of Memes (BOME), noted a remarkable plunge in prices, primarily attributed to a plethora of on-chain dynamics hovering over the crypto horizon. Here’s a closer look into the top 5 meme coins, mentioned above, and potential reasons why they witnessed a bearish trend in the market today: