Shiba

FLOKI

Base

Shiba Inu

Coin

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As the cryptocurrency correction accelerates, meme coins are among the worst sufferers yet again thanks to being highly volatile. Traders of meme coins faced an eight-digit liquidation wave in the last 24 hours.
<h2 id="meme-coins-brett-floki-post-double-digit-losses-shib-wif-also-under-pressure">Meme coins BRETT, FLOKI post double-digit losses; SHIB, WIF also under pressure</h2>
Brett or Brett on Base (BRETT), the largest meme coin of Coinbase's L2 Base (BASE), is registering double-digit losses for the second day in a row. Yet again it is among the worst performers on the top 100 list, with 15.2% lost overnight. The asset is extremely close to dipping below the important $1.5 billion capitalization level. <img alt="BRETT, FLOKI amidst worst performers " data-entity-type="file" data-entity-uuid="c54ce21a-f9d8-40f4-98c9-2d65f81aaa79" src="https://u.today/sites/default/files/inline-images/49265_1.png">Image by <a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow">CoinGecko</a>
FLOKI, another mainstream meme cryptocurrency with a large community, is fighting for its place in the top 10 after another 10% was lost in 24 hours.
Other top-league meme coins under performed the market benchmark as well. Dogwifhat (WIF) is down by 9.6%, while Shiba Inu (SHIB) has dropped by 6.2%. WIF is close to seeing its cap under $2.5 billion.
Dogecoin (DOGE), the largest meme cryptocurrency, is down by 5.6%, while the cryptocurrency market as a whole lost 3.7% in capitalization.
The ongoing meme crypto dropdown is accompanied by extreme liquidations, as <a href="https://u.today/doge-pepe-and-wif-see-millions-in-token-liquidations-heres-what-happened" rel="noopener noreferrer nofollow">covered</a> by U.Today earlier this week.
<h2 id="cat-themed-base-meme-coins-suffering-the-worst">Cat-themed, Base meme coins suffering the worst</h2>
CoinGlass data shows that PEPE, WIF and DOGE traders are among the worst affected by liquidations, mostly in the longs segment.
In terms of categories, cat-themed meme coins and Base meme coins are losers today, CoinGecko data shows. The categories lost 18.7% and 15.1% of their cap overnight.
Losing only 3.1%, Bonk (BONK) looks like the best-performing meme coin today.

SHIB, FLOKI, WIF, BRETT: Meme Coin Bloodbath Continues

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