- Oct 25, 2021
- Reaction score
Meme Token Economy Takes the Brunt of the Crypto Market Carnage — Dogecoin Drops 19% in a Week’s Time
At the time of writing, the crypto meme token market economy is valued at $47.2 billion and has taken a deep hit from yesterday’s market carnage.
Today, the stablecoin tether (
Besides Binance, other active dogecoin exchanges on Sunday include Huobi Pro, Huobi Korea, Okex, Bittrex, and Kraken.
Shiba Inu Sheds 9% This Week, 59% Down From the Crypto Asset’s All-Time High
The second-largest crypto meme asset is
Similar to DOGE, the trading platform Binance is
58% of SHIB holders are still in profit and the concentration of large holders today is 78%. Into the Block stats indicate that transactions greater than $100K during the last seven days amounted to around $4.93 billion worth of SHIB.
Donkey, Meta Doge, and Kitty Coin See Double-Digit 7-Day Gains, Catbonk and Fantom Doge Shed Significant Losses
As DOGE and SHIB lost some value this past week, a number of other meme tokens have shed prior gains as well. During the last week, dogelon mars (ELON) has lost 19.3% and baby doge coin (BABYDOGE) dropped by 21.3% this past week.
However, donkey (DONK), meta doge (METADOGE), and kitty coin (KITTY) have seen double digit gains during the last seven days. The biggest meme token loser this past week was catbonk (CABO) losing 67% and fantom doge (RIP) shedding 59%.
What do you think about the meme token economy losing more than 12% during the last 24 hours and dogecoin and shiba inu’s weekly losses? Let us know what you think about this subject in the comments section below.