
May 21st, 2025
WIF has seen its value soar by more than 900% over the past year. Similarly, PEPE has surged by approximately 500% during the same period.
The cryptocurrency market continues to endure a severe downturn, resulting in the liquidation of 32,916 traders.
The meme coin crypto industry led by Pepe and Shib has dramatically reduced in valuation in the past four weeks to around $47 billion on Tuesday.
The bear market has taken a toll on the cryptocurrency world, and memecoins are feeling the impact. Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE), some of the best-performing meme assets of the year, are retesting their previous lows.
The significant adoption of the Shiba Inu (SHIB) ecosystem in the recent past has been fueled by the notable Shibarium growth.
Despite selling a significant portion of his holdings, the whale retains 28% of his wallet in Trump tokens, valued at approximately $372,000.
Bitcoin’s decline triggered a chain reaction, impacting other cryptocurrencies, including Ethereum, which dropped 2.18% to around $3,440, while meme coins like Shiba Inu, PEPE, Dogwifhat, and Floki fell over 10%.
The liquidations primarily took place on centralized exchanges, with Binance recording the largest single liquidation order of around $4.21 million.
Coinbase announced similar listings in May, which included Bonk, FLOKI, and Shiba Inu perpetual futures on the leading crypto exchange.
The popular meme stock trader has also influenced GameStop-inspired meme coins on various chains amid ongoing crypto bullish sentiments.
KuCoin has also announced a 1,200,000 BRETT giveaway to celebrate the listing, incentivizing users to invite others to the platform with the promise of token rewards.
Binance announced the support for the mid-cap altcoins led by Notcoin and will begin trading on June 7, 2024.
Floki Inu fans believe that the recent surge in the popularity and value of GameStop shares could be a reason for this bullish outbreak.
The popular meme stock trader Keith Gill, alias Roaring Kitty revealed a GME stock portfolio of more than $110 million.
Dogecoin price has significantly underperformed other meme coins in the recent past led by Shiba Inu, Pepe, Floki, and Bonk, among others.