Amid Today’s Boring Market, Some Meme Coin Categories Are Outperforming

Pepe (PEPE), the first frog-coin and a major community-driven cryptocurrency, closes the week with the biggest gains despite having a painful 24 hours.

Meme Coin Apathy: Pepe (PEPE) Breaks Trends

In the last 24 hours, Pepe (PEPE), a top five meme coin and one of the most popular meme cryptocurrencies in the multi-chain, saw its price plunge from $0.00000730 to $0.000007. As a result, it remains the only meme coin in the red on the daily time frame among the 100 largest cryptocurrencies.

However, on the weekly chart, its performance reveals a different picture. In the last seven days, the Pepe (PEPE) price surged by over 6%, making it the seventh fastest-growing altcoin in the top 100 and outperforming all competitors in the meme coin segment.

Among meme coin categories, only two managed to post double-digit gains in 24 hours: Solana (SOL) Meme coins and PolitFi meme coins. In contrast, Elon Musk-inspired dog-themed and cat-themed meme coins are seeing mediocre gains. Floki (FLOKI) and Dogwifhat (WIF) are also up by 1.2%-1.5% each.

The market benchmark today is down by 0.2%, while Bitcoin (BTC), the largest cryptocurrency, is up by 0.9%. Ethereum (ETH) has added 1.2% on falling trading volume. Within the last 24 hours, $163 million worth of cryptocurrency positions were liquidated, with over 66% being short positions opened by cryptocurrency bears.

Dogecoin (DOGE) Loses 10% in Seven Days, Pessimism Takes Over

Dogecoin (DOGE), with almost 10% weekly losses, is again in the spotlight for meme coiners. As previously covered by U.Today, a “death cross” was registered this week for the largest meme coin.

The majority of indicators show that things might worsen for Dogecoin (DOGE) bulls. Dipping below $0.15 this week, it has erased all gains since mid-October 2024. Dogecoin (DOGE) was recently replaced by Cardano (ADA) as the seventh-largest altcoin by market cap and has a chance of being eclipsed by Tron (TRX), potentially losing another position in the top 10.