🚀 Week in Meme Coins: Bitcoin Massacres Meme Coins Despite DOGE ETF News
Mama Meme-a! Bitcoin crashed below $90K, worst correction since 2017! This marked a six-month low before bouncing to $91.7K. The sector climbed from 9th to 6th on @DefiLlama's narrative tracker.
Let's dive in! 🧵
1/6
📊 Market Overview:
Meme coins bled hard with sector market cap down 12% to $44.3B. Volume dropped 7% to $5.5B. Only 2 of the top 20 meme coins printed green candles. Fear took over as Fed rate cut odds slumped to 33%. @Pumpfun still dominates with 15,000+ tokens created in 24h, outpacing all competitors combined.
2/6
💎 Top Gainers:
🔹 The Official 67 Coin (67): +987%
🔹 Wiki Cat (WKC): +56%
🔹 SKYAI (SKYAI): +21%
🔹 PePeonTron (PEPEONTRON): +16%
🔹 Banana For Scale (BANANAS31): +15%
3/6
🎯 Major Moves:
Hawk Tuah girl added to lawsuit over failed meme coin launch—allegedly paid $325K to promote a rug.
4/6
💥 Sector Activity:
🔹 @Grayscale aims to convert its DOGE trust into a tradable ETF, could hit NYSE as early as Monday if SEC doesn't object.
🔹 Libra-linked wallets withdrew $4M from the coin and rotated into $61.5M worth of SOL at the dip.
5/6
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