{"id":3132,"date":"2024-07-08T05:29:09","date_gmt":"2024-07-08T05:29:09","guid":{"rendered":"https:\/\/cryptd.in\/top-meme-coins-crash-as-crypto-markets-decline\/"},"modified":"2024-07-08T05:29:09","modified_gmt":"2024-07-08T05:29:09","slug":"top-meme-coins-crash-as-crypto-markets-decline","status":"publish","type":"post","link":"https:\/\/cryptd.in\/hu\/top-meme-coins-crash-as-crypto-markets-decline\/","title":{"rendered":"Top Meme Coins Crash as Crypto Markets Decline"},"content":{"rendered":"<p>The cryptocurrency market is going through another decline on Monday morning, with major coins charting notable decreases.<\/p>\n<p>For example, ETH is once again trading below $3K and is down 4% on the day. XRP dropped by 5%, and now the bulls are fighting to defend the critical $0.4 level.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-8.21.36.png\"><\/a>Source: Quantify Crypto<\/p>\n<p>As seen in the heatmap above, there are absolutely no exceptions from the large-cap altcoins, all of which are trading well in the red. The downturn in the past hours has <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener\">resulted<\/a> in almost $300 million worth of liquidated leveraged positions, the majority of which were long. Although $113M were short positions, indicating the choppy price action.<\/p>\n<p>One category that hit substantially, however, is that of meme coins. According to CoinGecko, the entire meme coin sector is down 10% in the past 24 hours alone.<\/p>\n<p>That said, the major meme coins are downright plummeting at the time of this writing.<\/p>\n<p>DOGE is down 6.4%<br \/>\nSHIB is down 4.8%<br \/>\nPEPE declined by 10%<br \/>\nWIF dropped by 9.5%<br \/>\nBONK is down 6%<br \/>\nFLOKI is down 6%<\/p>\n<p>According to the popular Crypto Fear and Greed Index, the current market sentiment is fearful at 28 points. Just for comparison \u2013 it was 53 this time last week and 72 this time last month.<\/p>\n<p>It appears that the market remains cautious of the potential selling pressure that might be induced by creditors disposing of their recovered BTC and BCH from the Mt. Gox exchange. As\u00a0<em>CryptoPotato\u00a0<\/em><a href=\"https:\/\/cryptopotato.com\/more-details-about-the-mt-gox-bitcoin-repayments-whats-next\/\">reported<\/a> earlier, the defunct trading platform has started repaying its creditors after a saga that lasted around 10 years.<\/p>\n<p>\u00a0<\/p>\n<p>A poszt <a href=\"https:\/\/cryptopotato.com\/top-meme-coins-crash-as-crypto-markets-decline\/\">Top Meme Coins Crash as Crypto Markets Decline<\/a> jelent meg el\u0151sz\u00f6r a <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market is going through another decline on Monday morning, with major coins charting notable decreases. For example, ETH is once again trading below $3K and is down 4% on the day. XRP dropped by 5%, and now the bulls are fighting to defend the critical $0.4 level. Source: Quantify Crypto As seen in [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":3133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Top Meme Coins Crash as Crypto Markets Decline - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/hu\/top-meme-coins-crash-as-crypto-markets-decline\/\" \/>\n<meta property=\"og:locale\" content=\"hu_HU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top Meme Coins Crash as Crypto Markets Decline - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency market is going through another decline on Monday morning, with major coins charting notable decreases. For example, ETH is once again trading below $3K and is down 4% on the day. XRP dropped by 5%, and now the bulls are fighting to defend the critical $0.4 level. 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