Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»SHIB, DOGE or WIF? Which Meme Coin Has Fallen the Most?
ALTCOIN NEWS

SHIB, DOGE or WIF? Which Meme Coin Has Fallen the Most?

By Crypto FlexsSeptember 2, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SHIB, DOGE or WIF? Which Meme Coin Has Fallen the Most?
Share
Facebook Twitter LinkedIn Pinterest Email
  • All major market cap meme coins are down an average of 63.73% from their yearly highs.
  • SHIB, DOGE, and WIF have seen a surge in derivatives volume despite liquidations piling up.
  • The market continues to weaken as the CMF index shows declines across all three major coins.

The meme coin craze of March 2024 saw several dog-themed meme currencies hit all-time highs. Since then, all major capitalization dog coins have seen double-digit price rebounds.

OG Meme Dogecoin Shows Resilience

According to blockchain data from LookOnChain, the top three coins by market cap, Shiba Inu (SHIB), Dogecoin (DOGE), and Dogepart (WIF), have all suffered massive declines.

Based on the 52-week high to 52-week low retracement, Dogecoin fell 74% from $0.2266 to $0.5747. Doge has cushioned the blow by bouncing back to its current price of $0.0973 and remains one of the most resilient meme coins on the market.

Non-dog-themed coins have also seen similar backlashes, with Pepe (PEPE) down 58% over the same period, while smaller coins like Book Of Meme (BOME) and Cat In a Dog’s World (MEW) have seen even bigger falls, down 79% and 63% respectively.

SHIB & WIF, the biggest hit during correction

SHIB, the second largest meme currency by market cap, has fallen more than 70% from its yearly high of $0.00004534 and is currently battling resistance at $0.0000135. At this level, SHIB holders are evenly divided between profitable and losing SHIB holders.

This has reduced Shiba Inu’s global market cap from $21 on March 6, 2024 to $7,967,770,483 at the time of issuance. Despite evaporating most of the gains from the spring bull market, SHIB has bounced back from its three-month low of $0.00001112 on August 5, 2024.

Meanwhile, Solana’s WIF, the third-largest cryptocurrency, has fallen 71% since its all-time high of $4.83 on March 31, 2024. WIF had a surprising rally in May, reaching a high of $3.78 on May 29, 2024 before entering a harsher cryptocurrency market correction.

At the time of writing, WIF is trading at $1.47, slightly above its three-month low of $1.11 on August 5, 2024. With volumes low in the spot market, WIF could see a surge in derivatives volume.

According to the latest CoinGlass data, despite $1.29 million in long-term liquidations, WIF attracted leveraged investors as its 24-hour volume increased by 98%, driving its derivatives volume to $1 billion.

On the other side

  • According to trading theory, if the cycle peak is fully reversed, there is a greater chance that the price will rebound as traders re-examine their interest in the token.
  • SHIB, DOGE, and WIF recorded negative scores on the Chaikin Money Flow (CMF) index, indicating position depletion and weakening buying pressure from large holders.

Why this matters

In March, the cryptocurrency market saw its most successful meme coin rally ever, with a $56 billion peak. Understanding the implications of a bull market reversal can help you time the market.

Get the latest cryptocurrency news from DailyCoin:
All Top 10 Cryptocurrencies Crash: Which Coins Fell the Hardest?
Ethereum Has Its Worst Month in Years, But It’s Not What You Think

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Shiba Inu uploaded a teaser video in Shibarium saying, “A new era is dawning.” Here’s why:

September 5, 2024

ceτi AI Announces Successful Launch of Innovative Decentralized AI Infrastructure Token

March 14, 2024

MicroStrategy purchased an additional $593 million in Bitcoin in November.

November 30, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.