Meme Coin Meltdown? Shiba Inu Hints at Market Turnaround
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- Meme coin prices crashed significantly in the past month.
- The meme coins market crashed nearly 50% in the last 30 days.
- Shiba Inu slid into a notable support region amid the meme coins crash.
Meme coins have had a rough month. The crypto category’s total market value dropped almost 50% in about 30 days. However, crypto analysts are watching individual tokens to see which one can stem the bearish pressure and force a fortune reversal.
According to data from the crypto aggregation platform CoinmarketCap, the total meme coins market capitalization dropped from $96.23 billion on January 27, 2025, to $57.41 billion as of February 26, marking a month of steady decline and reflecting a 43.63% crash.
Dogecoin and Shiba Inu Hit Hard
Many top meme coins took big losses when the whole cryptocurrency market faced heavy selling pressure. Dogecoin (DOGE), the biggest meme coin, lost 55% of its value. It went from a $0.4343 yearly high in mid-January to $0.2145 on February 25.
Notably, the across-the-board decline in meme coins pushed Shiba Inu (SHIB), the second-largest after DOGE, toward important support. 1 SHIB’s price path has made analysts curious, especi…
The post Meme Coin Meltdown? Shiba Inu Hints at Market Turnaround appeared first on Coin Edition.
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$ 0.075
+1.13%
$ 0.00...361
$ 0.00085
$ 0.00...436
-0.57%
$ 0.527
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In This News
Coins
$ 0.075
+1.13%$ 0.00...361
$ 0.00085
$ 0.00...436
-0.57%$ 0.527
Predictions Markets
See what traders are focused on
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