PepeCoin

dogwifhat

Popcat (SOL)

Date: Wed, August 28, 2024, 08:10 AM GMTIn the cryptocurrency market today, major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), have seen significant drops, with BTC down 6.45% and ETH sliding by 8.70%. This downward trend has also taken a toll on the memecoin market, which saw a 7.6% decline in total market capitalization, now standing at $40.87 billion.<h2 id="header-0">Pepe and Dogwifhat Tumble:</h2>Among the hardest-hit in the memecoin sector are Pepe (PEPE) and Dogwifhat (WIF). Pepe, known for its massive community and viral appeal, has taken a 10.5% hit, bringing its current trading price to $0.000007641. Dogwifhat (WIF), a popular memecoin on the <a href="https://coinsprobe.com/web-stories/top-10-solana-based-memecoins-to-watch-out-for-bull-run/" rel="noopener noreferrer nofollow">Solana network</a>, isn&#39;t faring much better, with its price dropping by 10.60% to $1.57.<h2 id="header-1">Liquidations Hit Hard:</h2>The sharp declines in PEPE and WIF have led to significant liquidations. According to data from CoinGlass, PEPE saw a total of $4.17 million in liquidations, with $3.56 million coming from long orders and $611,000 from short orders.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/604cc23d0b2d475d809a0b8ef31245e5.png" />PEPE Coin Liquidations From CoinglassWIF wasn&#39;t spared either, experiencing $2.76 million in liquidations, with $2.44 million from long orders and $318,000 from short orders.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e2e9117dd23a409ca391931086235434.png" />WIF Coin Liquidations From Coinglass<h2 id="header-2">Popcat Defies the Trend:</h2>Despite the bearish sentiment sweeping the market, Popcat (POPCAT), another Solana-based memecoin, has defied the odds. While other coins were sinking, Popcat surged by 5.47% over the last 24 hours, currently trading at $0.7104 with a market capitalization of $696 million.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ea450b2805094424919f943965803540.png" />Source: CoinmarketcapIn summary, while the broader cryptocurrency market faces a downturn, with memecoins like Pepe and Dogwifhat taking significant hits, Popcat&#39;s unexpected rise shows that not all coins are following the same path. As the market continues to shift, it&#39;s a reminder of the unpredictable nature of crypto investing.

Pepe and Dogwifhat Down By Double Digits While Popcat Marked Significant Gains

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