On September 30, 2024, while the crypto markets are losing all the gains made over the weekend due to the rise in market optimism, some large meme coins are outperforming all competitors. In contrast, the two giant meme coins, Shiba Inu (SHIB) and Dogecoin (DOGE), are falling today along with other large digital currencies.
BONK, WIF, POPCAT: Meme Coins Among Today's Best Performers
On this day, two of the top five performing coins are meme coins. Dog-derived coins $BONK and $WIF have added 7.1% in the past 24 hours.
Dogwifhat (WIF), one of the strangest meme coins on the Solana network, has punished bears, with over $2.17 million worth of traders betting against WIF liquidated in the past 24 hours.
Meanwhile, the market cap of Popcat (POPCAT), the only cat-based coin in the top 100, rose by 2.4%.
In contrast, the rest of the cryptocurrencies are recording a decline today.
The main market index lost 3.3%, the biggest drop in recent days. Bitcoin (BTC) also fell 3.1%, while Ethereum (ETH) fell 2% overnight.
Shiba Inu (SHIB) and Dogecoin (DOGE) are declining in value.
Meanwhile, the biggest meme cryptocurrencies, Dogecoin (DOGE) and Shiba Inu $SHIB , are under pressure today. They are among the worst performers along with GALA, CORE, and XRP.
Shiba Inu (SHIB) lost 6.4% of its value overnight, while Dogecoin (DOGE) dropped 5.4%. Shiba Inu has been replaced by the synthetic Ether (WSTETH) as the 14th largest cryptocurrency.
The largest TON-based meme coin, Dogs (DOGS), lost 8.1% of its market cap, bringing its market cap below $400 million.
BabyDogeCoin (BABYDOGE) also fell by 5.1%.
