Red Monday for Memes: Is the Hype Cycle Officially Dead This Time?
- Meme coin sector crashes Monday, market cap down 14 percent ($40 billion) from sell-off
- Major memes plunge: DOGE -19%, SHIB -11%, PEPE -12%, TRUMP -15%, BONK -13% daily
- Reasons include tariff fears, fading hype (Pump.fun -50% users), smart money exiting
The meme coin sector faced a brutal sell-off Monday, with its total market capitalization dropping 13.87% to $40.23 billion in just 24 hours as broader crypto market turmoil intensified.
Top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Official TRUMP ($TRUMP), and Bonk (BONK) all suffered heavy double-digit percentage losses.
What Triggered the Meme Coin Sell-Off?
This sharp downturn results from a combination of macroeconomic pressures and signs that the recent meme coin hype cycle is fading. Renewed investor fears over President Donald Trump’s aggressive global tariff strategy contributed to a wider market decline, hitting risk assets hard.
Bitcoin dropped below $77,000 Monday (trading near $76,946 at press time), while Ethereum plunged over 18% to trade near $1,490. The specific tariff details (a 10% baseline effective April 5, with even steeper levies slapped on major econo…
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Red Monday for Memes: Is the Hype Cycle Officially Dead This Time?
- Meme coin sector crashes Monday, market cap down 14 percent ($40 billion) from sell-off
- Major memes plunge: DOGE -19%, SHIB -11%, PEPE -12%, TRUMP -15%, BONK -13% daily
- Reasons include tariff fears, fading hype (Pump.fun -50% users), smart money exiting
The meme coin sector faced a brutal sell-off Monday, with its total market capitalization dropping 13.87% to $40.23 billion in just 24 hours as broader crypto market turmoil intensified.
Top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Official TRUMP ($TRUMP), and Bonk (BONK) all suffered heavy double-digit percentage losses.
What Triggered the Meme Coin Sell-Off?
This sharp downturn results from a combination of macroeconomic pressures and signs that the recent meme coin hype cycle is fading. Renewed investor fears over President Donald Trump’s aggressive global tariff strategy contributed to a wider market decline, hitting risk assets hard.
Bitcoin dropped below $77,000 Monday (trading near $76,946 at press time), while Ethereum plunged over 18% to trade near $1,490. The specific tariff details (a 10% baseline effective April 5, with even steeper levies slapped on major econo…
The post Red Monday for Memes: Is the Hype Cycle Officially Dead This Time? appeared first on Coin Edition.
Read More