PEPE, WIF, PNUT and more Plunge into double figures

TL; DR

Memecoin's price has seen a significant correction today (November 15th), but its total market cap is close to $120 billion.
Although such signals can lead to high profits in the past, their speculative nature makes them very risky for inexperienced traders.

Heading south

The past 24 hours have not been kind to the cryptocurrency market, with several leading assets showing significant losses. Bitcoin (BTC) fell below $88,000, Ethereum (ETH) fell nearly $3,000, and Solana (SOL) fell 4 percent.

The Mem coin sector was even worse. Dogecoin (DOGE) fell by 8%, its biggest competitor – Shiba Inu (SHIB) – fell by 9%.

Some assets, such as Pepe ( Pepe ) and Peanut Squirrel ( PNUT ), which have rallied over the past few days, have now posted double-digit losses and are associated with poor performance. Other symbols joining that club are POPCAT, NEIRO, dogwifehat (WIF) and others.

However, it's not all doom and gloom as some commemorative coins are all right In the green zone. Examples include CAT (+10%), BRETT (+13%), SPX (+17%), DEGEN (+26%) and others.

Meanwhile, the meme coin niche's total market capitalization remains well over $100 billion. Earlier this week, the figure It has passed A record $120 billion.

The dynamic nature of the meme coin

Meme appeared as coins Main trend in of Crypto the worldThey are often making headlines due to their high inflation and widespread popularity driven by internet culture.

Many tokens, including DOGE, SHIB, BONK, and PEPE, have tripled and even quadrupled over the past year, leading to huge gains (at least on paper) for those who jumped on the bandwagon in the early days.

However, so can memories. easily Experience a Main This correction can lead to huge losses for inexperienced or excessive traders. After all, many of these assets have no fundamental value terms utility or intrinsic value, and their value they are. A lot It has had an impact. In market estimation.

This people They give advice Invest only as much as you are ready to enter and part with the ecosystem after doing due diligence.