Memecoins
Base, Solana Meme Cryptos decimated
Vladislav Sopov
Base meme coins (BASE) are once again among the worst performing tokens, along with Solana meme cryptos.
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Competitors to Shiba Inu (SHIB) and Dogecoin (DOGE) on the Solana (SOL) and Base (BASE) blockchains are under pressure as Bitcoin (BTC) has fallen below $60,000. Over the past seven days, the Base meme crypto scene has lost more than a third of its value.
Meme Core Parts Segment Loses 24% in 24 Hours
The meme cryptocurrencies segments Base (BASE) and Solana (SOL) are once again among the altcoin categories most affected by a massive surge in crypto prices. Over the past 24 hours, even-on-Base (BASE) coins have seen nearly 24% of their capitalization erased.
Image of CoinGecko
Among all meme Base (BASE) coins, the largest losses are recorded by low-cap assets. However, the flagship coins of the Base (BASE) crypto ecosystem – BRETT, DEGEN, HIGHER – also saw declines of 10-15%.
Cat-themed meme coins represent the fifth most affected category on CoinGecko, with 17% lost overnight. However, its leaders – Cat In The Dog World (MEW) and Mog Coin (MOG) – recorded tiny losses of 3-4% and therefore even outperformed the crypto market as a whole.
The Solana (SOL) meme coin ecosystem lost 15% in 24 hours, with leaders WIF, BONK and BOME erasing only 1-6% of their prices.
As covered by U.Today previously, meme coins on Solana (SOL) and Base (BASE) were also affected by last weekend’s price drop.
Crypto Liquidations Nearly $400 Million
Over the past 24 hours, the total capitalization of cryptocurrency markets has fallen by 3.9%. Bitcoin (BTC), the flagship cryptocurrency, lost 5.7% of its value.
This surge can be attributed to the end of Binance’s CZ trial and the paltry start of crypto-based spot ETFs in Hong Kong.
As a result, many Bitcoin (BTC) and altcoin futures traders were liquidated over the past 24 hours. More than $390 million in positions, mostly long, have been wiped out, CoinGlass data shows watch.
Bitcoin (BTC) and Ethereum (ETH) are responsible for $250 million of this sum.
About the Author
Vladislav Sopov
Blockchain analyst and writer with a scientific background. 6+ years in computer analysis, 3+ years in blockchain.
Worked in independent analyzes as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)