🐶 Meme Coins Dip
Major meme coins like Dogecoin and Shiba Inu fell over 3% amid a broader market dip, sparking speculations about the reasons behind the decline.
📉 Dogecoin Decline
Dogecoin's price dropped 3.23% to $0.1223, with trading volume down 30% to $489.51 million. Market participants are cautious due to the volatile market and hawkish comments from U.S. Federal Reserve officials. Dogecoin Open Interest also fell 2.41% to $603.19 million, indicating reduced market interest.
🔥 Shiba Inu Retreat
Shiba Inu's price decreased by 3.13% to $0.00001717, with trading volume down 37% to $193.65 million. Binance's delisting of TUSD pairs for Shiba Inu contributed to the decline. Despite the dip, the SHIB burn rate remains positive, showing community support. Open Interest for Shiba Inu fell 8.25% to $32.73 million.
Overall, meme coins are experiencing a rough patch, with cautious investors and market uncertainties influencing their prices.
Top comments (0)