Meme Coins Take a Hit

Altcoins

The cryptocurrency market is deep in the red today, and some of the biggest losses are being led by meme coins and speculative tokens.

According to the latest data, these are the top five tokens that have seen the sharpest declines over the past 24 hours.

1. Pump.fun (PUMP)

Leading the losers’ list is Pump.fun, dropping 21.88% in just one day. The token now trades at $0.002967, extending its 7-day slump to 44.36%. Despite a market cap of over $1 billion, the sharp selloff reflects waning hype and potential profit-taking after previous gains.

2. Fartcoin (FARTCOIN)

Next is Fartcoin, which lost 15.32% in the last 24 hours and is down 8.82% on the week. Priced at $1.37, its decline could be tied to low investor confidence in novelty tokens, despite its sizable $1.37 billion market cap.

3. dogwifhat (WIF)

WIF fell 12.55% today to $1.04. Though it saw milder losses over the week (-3.27%), today’s drop suggests increased selling pressure amid market uncertainty. With a 24-hour volume of $681 million, traders appear to be exiting riskier assets.

4. FLOKI (FLOKI)

The popular meme coin FLOKI declined 11.71% over the past day and 3.72% for the week, with its current price at just $0.0001269. It maintains a strong market cap at $1.2 billion, but the daily decline signals short-term bearish sentiment.

5. Virtuals Protocol (VIRTUAL)

Rounding out the list is Virtuals Protocol, falling 11.07% today and 14.96% over the past week. Now trading at $1.56, the token is facing continued downward pressure despite a robust market cap of over $1 billion.

These steep declines underscore the ongoing volatility in the crypto sector, especially among tokens driven by community hype and speculation. Traders appear to be rotating away from riskier assets as broader market sentiment cools.

Author

Kosta Gushterov

Reporter at Coindoo

Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.