Kendu

Kendu Inu

Pepe

Bonk

<p>The meme coin market, known for its capricious nature and sometimes astronomical returns, has just experienced a sharp drop. Favorites like Bonk, Pepe, and Brett weren’t spared the crash, recording significant losses that surprised many crypto investors.</p> 
<h2 id="h-black-day-for-the-headliners">Black day for the headliners</h2> 
<p>The recent shake-up in the meme coin market has left notable marks, especially for <a href="https://www.cointribune.com/le-chauffeur-de-taxi-qui-a-fait-fortune-avec-bonk-bonk-devoile-ses-prochains-investissements/" target="_blank" rel="noreferrer noopener">Solana’s meme coin Bonk (BONK)</a>, which saw its value drop by 12.1% over the past 24 hours to a new low of $0.000023. This drastic decline in this crypto comes right after a crucial vote within the Bonk community, where an overwhelming majority opted for the total burn of tokens accumulated by the DAO. This radical move reflects attempts to stabilize the token’s value by reducing supply.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>Other major players in the sector, like Pepe (PEPE) on Ethereum and Brett (BRETT) from Base, were also not spared by the turmoil, recording decreases of 9.6% and 8.1% respectively over the past 24 hours. It’s a black day for these usually volatile cryptos. <a href="https://decrypt.co/239557/solana-meme-coin-bonk-and-ethereums-pepe-see-big-losses" target="_blank" rel="noreferrer noopener">These drops</a> highlight the market’s sensitivity to internal community decisions and broader sector fluctuations.</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Discover the top 5 coins with significant losses in the last 24 hours!<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53b.png" alt="🔻" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BONK</a> <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> <a href="https://twitter.com/search?q=%24RNDR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$RNDR</a> <a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BRETT</a> <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> <a href="https://t.co/pez5UxYZwc">pic.twitter.com/pez5UxYZwc</a></p>— Desi Crypto (@MyDesiCrypto) <a href="https://twitter.com/MyDesiCrypto/status/1811760200166015476?ref_src=twsrc%5Etfw">July 12, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div> 
 </div>
</figure> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noreferrer noopener">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<h2 id="h-a-glimmer-in-the-storm-kendu-inu-shines">A glimmer in the storm: Kendu Inu shines</h2> 
<p>In a meme coin market plagued by severe losses, Kendu Inu (KENDU) bucks the general trend with an impressive 13.3% increase. This surge is strongly influenced by its inclusion in a promotional video from Coinbase, which highlighted its web wallet application. This spotlight propelled the market value of KENDU, which recorded a 21% increase over the past week, reaching a market cap nearing $100 million.</p> 
<p>Although the overall picture shows a marked depreciation for most meme coins, some show remarkable resilience over a longer period. The sector recorded an overall growth of 3.1% over the past seven days, indicating some resistance. Cryptos like MOG and Bonk saw their values increase by 21.3% and 12.9% respectively, proving that even amid turbulence, opportunities for gains exist for savvy investors.</p> 
<p><a href="https://www.cointribune.com/en/mike-novogratz-memecoins-a-crypto-godsend/" target="_blank" rel="noreferrer noopener">The meme coin market</a> continues to demonstrate that it is both a fertile and perilous terrain. Recent fluctuations show that, while some cryptos may offer spectacular returns on investment, they require constant vigilance and a deep understanding of the risks. Savvy investors would do well to weigh each decision in this unpredictable context, while remaining open to the positive twists the days ahead may reveal.</p>

Crypto: Bonk and Pepe Crash as the Memecoin Market Plunges!

Table of Contents

Cointribune EN

Other articles published on Jul 13, 2024

Maker Price Prediction for Today, July 13 – MKR Technical Analysis

XRP Is Not Security: Ripple CLO Celebrates 'Huge Win' Over SEC

Tron Founder Might Copy Elon Musk's Playbook, Here's How

New Solana Memecoin Trump the Felon Surges Over 13,000% and Will Rally Another 18,000% Before CEX...

Stellar Price Sees Breakout: Is XLM Ready To Rally?

Hedge Fund Manager Shared Great News for Bitcoin (BTC) and Ethereum Tokens, Bull Run to Resume?

Join our free newsletter for daily crypto updates!