Investors holding these memecoins beware: The danger is increasing!

Which projects gave a red alert in memecoins, which started to see consecutive sales with the decline of Bitcoin (BTC).

Bitcoin, which turned downward after reaching $ 65,500, naturally created a decline in the altcoin market. While most projects lost nearly 10 percent of their value, the fact that this statistic in memecoins was much higher was confusing. Which names experienced the biggest decline not only in the Turkish crypto ecosystem but also in memcoins, which attract great attention globally?

1- Dogecoin (DOGE)

DOGE, the first name that comes to mind when Memecoin is mentioned, has lost a total of 13.30 percent in value since May 6. The popular coin, which has been in a falling trend since $ 0.16905, touched $ 0.14656 and scared its investors. DOGE, which is a determining factor for the Memecoin trend, will pose a great danger if it cannot rise again.

2- Pepper (PEPE)

PEPE, which is at a higher level compared to many memecoins in terms of market value, dropped by 15.68 percent during the day alone. The retreat and increasing dominance in Bitcoin has destroyed the popular coin. PEPE, which is faced with heavy sales especially in the futures market, does not show any signs of recovery yet.

3- dogwifhat (WIF)

WIF, one of the new names in the Memecoin category, recorded a decrease of 22.54 percent in a short time. WIF, which retreated sharply compared to other memecoins, created uneasiness in terms of both the Solana ecosystem and parity. Memecoin, which was traded at $ 3.6865 on May 6, received a reaction from $ 2.8545 and reached $ 2.9394. However, this rise seems quite weak for now.

4- Shiba Inu (SHIB)

SHIB, one of the important names in the dog coins category, lost 12.58 percent in value in the last two days. SHIB, which remained below expectations in the Memecoin craze, continues to pose a danger in declines. Although the Shiba Inu community continues to support the local token, things are not going well for SHIB.

5- Book of Meme (BOME)

BOME, which shook up the industry with its launch, was another project that succumbed to the retreat in BTC. BOME, which has decreased by 19.08 percent since May 6, disappointed its investors. Great expectations continue in the bull season for Memecoin, which has come to the fore with its sharp rises from time to time.

6- Popcat (POPCAT)

POPCAT, one of the GEM projects of the Memecoin category, has made a splash with its recent rise. However, the subsequent decline in BTC reversed the momentum in POPCAT. Memecoin, which started its downward movement on May 4, dropped to $ 0.4497 on May 8, losing a total decrease of 38.37 percent.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.