Cryptocurrency Update: WIF, PEPE, FLOKI, SHIB Experience Downtrend Amid Market Pause

• The largest meme cryptocurrencies are demonstrating more significant volatility compared to the rest of the cryptocurrency market. Overhyped cryptocurrency Dogwifhat (WIF), a flagship meme coin of the Solana (SOL) ecosystem, is down by over 4.2% in the last 24 hours.
• Today, May 7, 2024, the segment of meme cryptocurrencies is under pressure. All of the largest coins in this sphere demonstrate larger losses compared to the market’s benchmark.
• In terms of meme segments, cat-themed coins are the worst sufferers of the current price drop. They lost 7% overnight.

Major meme coins including WIF, PEPE, and FLOKI are among the 10 worst performers on May 7, 2024, demonstrating significant volatility in the crypto market.

WIF, PEPE, FLOKI: Three major meme coins are amid 10 worst performers on May 7

Dogwifhat (WIF), the most popular Solana meme coin of Q4, 2023, sees its market cap plunging below $3.5 billion as it loses 4.2% overnight. Pepe (PEPE), a major meme coin on Ethereum (ETH) and Arbitrum (ARB), is also among the worst performers, with 3.9% lost in 24 hours. Then, Floki (FLOKI), one of the largest dog-themed meme cryptos, has seen 2.8% of its marke... Read the full article;/a>