Shiba

Dogecoin

PEPE

Shiba Inu

The meme coins market recorded a heavy sell-off on Monday as its cumulative capitalization took a dip of more than 5% in the last 24 hours. 
The ongoing drop has added to a much longer decline seen in the market. Data shows that the top 10 meme coins have crashed by 65% on average from their peak over the past year.
Biggest meme coins like <a href="https://www.cryptopolitan.com/dogecoin-price-prediction/" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> and Shiba Inu (SHIB) have seen a similar decline over the last 7 days. DOGE and SHIB prices have dropped by 13% and 12%, respectively, in the same period. It has led the cumulative meme cryptos market cap to slide to $38 billion.
<h3 id="span-style-font-weight-400-dogecoin-down-by-87-from-its-ath-span">Dogecoin down by 87% from its ATH</h3>
Dogecoin, the most famous and largest meme coin, has managed to keep up its position in the biggest ten crypto tally. However, its decline of 40% in the last 90 days depicts the depreciating interest for the token. DOGE price dropped by another 5% in the last 24 hours.
The biggest meme coin is trading at an average price of $0.094, at press time. DOGE has recorded a 52-week high of $0.226 with a 52-week low of $0.057. This marks a 57% decline from its peak over the last year. It is still down by 87% from its all time high (ATH) of $0.73, registered on May 8, 2021.
Shiba Inu, the <a href="https://www.cryptopolitan.com/shiba-inu-investor-sells-off-1700000000-shib-goes-all-in-on-viral-presale-meme-coin/" rel="noopener noreferrer nofollow">second</a> biggest meme coin, has posted similar but higher losses despite its community trying to spark a bullish rally. It is trading at an average price of $0.00001335, with a market cap of $7.8 billion, at press time.
<blockquote class="twitter-tweet">
 Over the past year, the top 10 <a href="https://twitter.com/hashtag/MEMEcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#MEMEcoins</a> have dropped an average of 63.73% from their peak.<a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$DOGE</a>: -57.93%<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$SHIB</a>: -70.86%<a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$PEPE</a>: -58.16%<a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$WIF</a>: -70.93%<a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$BONK</a>: -64.63%<a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$FLOKI</a>: -65.97%<a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$BRETT</a>: -62.59%<a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$POPCAT</a>: -43.77%<a href="https://twitter.com/search?q=%24BOME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$BOME</a>: -79.48%<a href="https://twitter.com/search?q=%24MEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$MEW</a>: -62.99% <a href="https://t.co/GzRNI4dYaB" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/GzRNI4dYaB</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1830451316042444913?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">September 2, 2024</a>
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SHIB posted 52-week high of $0.0000453 and 52-week low of $0.0000066. This depicts over 70% price drop recorded from its peak in the past year. It is down by a huge 85% from its all time high of $0.000086, registered on October 28, 2021.
<h3 id="span-style-font-weight-400-pepe-and-wif-are-still-looking-for-ground-span">PEPE and WIF are still looking for ground</h3>
<a href="https://www.coingecko.com/en/coins/pepe" rel="noopener noreferrer nofollow" target="_blank">PEPE</a> and WIF, the new trending coins, are also dealing with the interconnected price decline. PEPE and WIF are down by more than 50% in the last 90 days. PEPE attained a 52-week high of $0.000017 and a 52-week low of $0.0000006071. It is trading at an average price of $0.00000072, which shows a dump of 58% from its one-year peak.
Dogwifhat went on to hit a 52-week high of $4.84 and a 52-week low of $0.0677. It is trading at an average price of $1.41, which presents a drop of almost 71% from its one year peak. However, whales are now accumulating WIF. Lookonchain <a href="https://x.com/lookonchain/status/1830425309877043695?t=NCMji9v2umOdnRPfDoFKhQ&amp;s=19" rel="noopener noreferrer nofollow" target="_blank">reported</a> that a whale bought 9.57 million WIF (approx. worth $13.59 million) from Binance and Bybit in the last 4 days.

Top meme coins crash 63% from their one-year peak

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