Meme Coin Prices Crash – FLOKI, DOGS, and POPCAT Plunge

Meme coin prices are in the red today. The entire crypto market is not performing well, but meme coins are among the top losers.

Meme coin prices took a hit on Monday evening as the market turned red.

While the entire crypto market was down, some meme coins, such as FLOKI, experienced steeper losses compared to others.

Here’s a closer look at how three meme coin prices crashed on Monday evening.

FLOKI Price Crashes 18% Despite Recent Gains

FLOKI had a good last week, rallying over 30% and outperforming most other top meme coins. However, amid the recent market downturn, FLOKI suffered the most, which is logical – many holders were in profit from last week and decided to take some. This put significant pressure on the price, and FLOKI is now down 18% today.

DOGS Market Cap Drops by $100 Million

Next, we have DOGS, the newest sensation among meme coins on TON. Its market cap exploded to over $750 million last week. However, a similar story to FLOKI unfolded as the market turned red, prompting traders to take profits. The current market cap is now $670 million following today’s 14% plunge.

POPCAT Price Crashes 12%

POPCAT is also not doing well with a 12% crash. This is another meme coin that had a solid few weeks prior to the current downturn.

Even other sectors in crypto that were doing well recently, such as AI tokens like RENDER, FET, and TAO, are all down 7-8% today. The pattern is pretty clear – tokens that pumped in August took the biggest hit today.

Bitcoin’s inability to maintain the $60,000 level could be the biggest reason for the market going down this week. This has, as always, affected other altcoins. This ripple effect is particularly noticeable in the more volatile meme coin sector, where price swings tend to be more pronounced.

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