Memecoins are taking the market drop with extra beta, as usual.
📊 By the numbers
• $SHIB trades near $0.00000537, down about 3.5% in 24 hours and 7.4% over seven days, per CoinGecko, and sits roughly 94% below its all-time high.
• $PEPE is near $0.0000040, down about 3% on the day and 8% on the week, about 86% below its record.
• Dogecoin fell about 4% to under 9 cents, per CoinGecko.
• CoinDesk's Memecoin Index was down around 5% in Tuesday's sell-off, twice the fall in its large-cap index.
🎯 Levels to watch
Memecoins tend to bottom after the majors, not before. If bitcoin holds the ETF cost basis near $82,300 that CoinDesk flagged, high-beta names usually bounce hardest; if not, weekly losses of 7% to 9% could widen.
💬 Do you trade memecoins in a risk-off week or wait it out?
#Memecoins #SHIB #PEPE
📊 By the numbers
• $SHIB trades near $0.00000537, down about 3.5% in 24 hours and 7.4% over seven days, per CoinGecko, and sits roughly 94% below its all-time high.
• $PEPE is near $0.0000040, down about 3% on the day and 8% on the week, about 86% below its record.
• Dogecoin fell about 4% to under 9 cents, per CoinGecko.
• CoinDesk's Memecoin Index was down around 5% in Tuesday's sell-off, twice the fall in its large-cap index.
🎯 Levels to watch
Memecoins tend to bottom after the majors, not before. If bitcoin holds the ETF cost basis near $82,300 that CoinDesk flagged, high-beta names usually bounce hardest; if not, weekly losses of 7% to 9% could widen.
💬 Do you trade memecoins in a risk-off week or wait it out?
#Memecoins #SHIB #PEPE