
April 25th, 2025
The meme coin crypto industry led by Pepe and Shib has dramatically reduced in valuation in the past four weeks to around $47 billion on Tuesday.
The bear market has taken a toll on the cryptocurrency world, and memecoins are feeling the impact. Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE), some of the best-performing meme assets of the year, are retesting their previous lows.
The significant adoption of the Shiba Inu (SHIB) ecosystem in the recent past has been fueled by the notable Shibarium growth.
Despite selling a significant portion of his holdings, the whale retains 28% of his wallet in Trump tokens, valued at approximately $372,000.
Bitcoin’s decline triggered a chain reaction, impacting other cryptocurrencies, including Ethereum, which dropped 2.18% to around $3,440, while meme coins like Shiba Inu, PEPE, Dogwifhat, and Floki fell over 10%.
The liquidations primarily took place on centralized exchanges, with Binance recording the largest single liquidation order of around $4.21 million.
Coinbase announced similar listings in May, which included Bonk, FLOKI, and Shiba Inu perpetual futures on the leading crypto exchange.
The popular meme stock trader has also influenced GameStop-inspired meme coins on various chains amid ongoing crypto bullish sentiments.
KuCoin has also announced a 1,200,000 BRETT giveaway to celebrate the listing, incentivizing users to invite others to the platform with the promise of token rewards.
Binance announced the support for the mid-cap altcoins led by Notcoin and will begin trading on June 7, 2024.
Floki Inu fans believe that the recent surge in the popularity and value of GameStop shares could be a reason for this bullish outbreak.
The popular meme stock trader Keith Gill, alias Roaring Kitty revealed a GME stock portfolio of more than $110 million.
Dogecoin price has significantly underperformed other meme coins in the recent past led by Shiba Inu, Pepe, Floki, and Bonk, among others.
Among the trio, PEPE, the frog-faced memecoin, took the highest hit. The meme coin suffered 12% decline on Thursday and is currently seated as the 26th biggest digital asset globally with a market cap of over $6 billion.
Mt. Gox has around $9.2 billion worth of BTC to return to its former customers, and the deadline is October 31, 2024.