Meme Coin Bloodbath Today: DOGE, PUMP, BONK, and Many More Collapse by Double Digits

TL;DR

• Popular memes declined to multi-week lows at this time (September 22).
• MemeCore (M) is the one top-20 meme coin within the inexperienced, rising 1% to $2.55. It’s up over 460% month-to-month, now ranked the third-largest meme coin, with analysts calling for targets between $3.40 and even a daring $10.

The Meme Coin Sector Takes a Blow

Many of the main cryptocurrencies, together with Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Hyperliquid (HYPE), have headed south at this time (September 22) because of a major correction. Countless meme cash had been caught themselves in the midst of the storm, registering much more substantial losses than the business leaders.

Dogecoin (DOGE), the most important within the area of interest, posted a ten% value decline on a 24-hour scale to round $0.24, whereas its largest rival, Shiba Inu (SHIB), slipped by 6% to a 17-day low of $0.00001213.

Pump.enjoyable (PUMP) crashed by 16% for the previous day, Pudgy Penguins (PENGU) tumbled by 12%, whereas BONK (BONK) retraced by 10%. 

The whole market capitalization of the meme coin sector collapsed to roughly $77 billion, or a ten% lower in a single day.

The Lone Survivor

The solely meme coin (a part of the highest 20 membership), which has registered a minor improve for the previous 24 hours, is MemeCore (M). The asset, which has these days turn out to be a sensation within the crypto market, is up a mere 1% and at the moment trades at round $2.55.

Its acquire on a month-to-month scale is far more spectacular. M has skyrocketed by over 460% inside that interval, thus flipping well-known names like PEPE, TRUMP, FLOKI, WIF, and many extra, to turn out to be the third-biggest meme coin. Those curious to see what doable catalysts might need fueled M’s rally might learn our devoted article here. 

The token stays the topic of optimistic value predictions, with some business members believing its high is but to return. The X consumer Sjuul | AltCryptoGems just lately described M as “merely a beast, pushing increased and increased.”

He claimed the asset broke “each single Fibonacci extension degree into contemporary all-time highs,” forecasting a rally to $3.40. 

Crypto Monkey chipped in, too, outlining a somewhat preposterous (at the very least as of now) goal of $10. “Strength is unreal,” they argued. 

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