{"id":12764,"date":"2024-12-10T17:08:27","date_gmt":"2024-12-10T17:08:27","guid":{"rendered":"https:\/\/cryptd.in\/meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits\/"},"modified":"2024-12-10T17:08:27","modified_gmt":"2024-12-10T17:08:27","slug":"meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits","status":"publish","type":"post","link":"https:\/\/cryptd.in\/lt\/meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits\/","title":{"rendered":"Meme Coin Bloodbath: BONK, FLOKI, WIF, SHIB, and DOGE Crash by Double Digits"},"content":{"rendered":"<p>The cryptocurrency market is in retreat once again, with bitcoin dumping below $95,000 for the second time since Monday evening.<\/p>\n<p>While many altcoins are also deep in the red, the ever-volatile meme coin sector has produced some of the most violent corrections.<\/p>\n<p>Although there are many <a href=\"https:\/\/cryptopotato.com\/this-meme-coin-trader-made-a-profit-of-over-1-5-million-heres-how\/\" data-wpel-link=\"internal\">success stories<\/a> of small-time investors turning thousands of dollars into hundreds of thousands or even millions, the meme coin niche remains highly-volatile and risky, especially in times of market-wide corrections.<\/p>\n<p>The current situation solidifies this narrative. Bitcoin has declined by 3% on a daily scale, dropping below $95,000 minutes ago. Many larger-cap alts, such as ETH, SOL, and BNB, have slipped even more \u2013 by around 7% each.<\/p>\n<p>However, assets from the meme coin industry, like BONK, FLOKI, and WIF, have all dumped by around 20%. Consequently, BONK is down to $0.00034, FLOKI is south of $0.00022, and WIF struggles beneath $2.8.<\/p>\n<p>The landscape around the two largest meme coins is not that much brighter. Shiba Inu is the worst performer from the top 20 altcoins, having dumped by 15% to $0.000025.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/dogecoin-price-stalls-but-could-accumulating-whales-lead-to-another-doge-bull-rally\/\" data-wpel-link=\"internal\">Dogecoin<\/a> is also down by double digits. DOGE has slumped by 12% in the past 24 hours and now trades well below $0.4. Recall that the OG meme coin <a href=\"https:\/\/cryptopotato.com\/dogecoin-tapped-new-3-5-year-peak-bitcoin-price-slips-below-100k-weekend-watch\/\" data-wpel-link=\"internal\">charted<\/a> a new multi-year peak of $0.485 only a few days ago.<\/p>\n<p>The market-wide correction has resulted in nearly $1.7 billion in liquidations across all assets. Naturally, longs are responsible for the lion\u2019s share, with $1.5 billion.<\/p>\n<p>ETH is first from the individual assets, with $250 million in longs wrecked, followed by BTC with $175 million. Interestingly, DOGE ranks third, even though it\u2019s the sixth-largest non-stablecoin asset, showcasing the dangers of over-leveraged meme coin trading.<\/p>\n<p>Prane\u0161imas <a href=\"https:\/\/cryptopotato.com\/meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits\/\" rel=\"nofollow\">Meme Coin Bloodbath: BONK, FLOKI, WIF, SHIB, and DOGE Crash by Double Digits<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market is in retreat once again, with bitcoin dumping below $95,000 for the second time since Monday evening. While many altcoins are also deep in the red, the ever-volatile meme coin sector has produced some of the most violent corrections. Although there are many success stories of small-time investors turning thousands of dollars [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":12766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Meme Coin Bloodbath: BONK, FLOKI, WIF, SHIB, and DOGE Crash by Double Digits - 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\/lt\/meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits\/\" \/>\n<meta property=\"og:locale\" content=\"lt_LT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meme Coin Bloodbath: BONK, FLOKI, WIF, SHIB, and DOGE Crash by Double Digits - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency market is in retreat once again, with bitcoin dumping below $95,000 for the second time since Monday evening. While many altcoins are also deep in the red, the ever-volatile meme coin sector has produced some of the most violent corrections. Although there are many success stories of small-time investors turning thousands of dollars [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/lt\/meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-10T17:08:27+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minut\u0117\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Meme Coin Bloodbath: BONK, FLOKI, WIF, SHIB, and DOGE Crash by Double Digits\",\"datePublished\":\"2024-12-10T17:08:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits\\\/\"},\"wordCount\":296,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/meme-coins-McY7ET.jpeg\",\"articleSection\":[\"Feeds\"],\"inLanguage\":\"lt-LT\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/meme-coin-bloodbath-bonk-floki-wif-shib-and-doge-crash-by-double-digits\\\/\",\"name\":\"Meme Coin Bloodbath: BONK, FLOKI, WIF, SHIB, and DOGE Crash by Double Digits - 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