7 Meme Coins Shaken as BTC Drops Below $100,000

Jakarta, Pintu News – The price of Bitcoin (BTC) recently fell below US$100,000, marking a significant correction for the global crypto market. This drop triggered intense pressure on altcoins and meme coins, with some tokens experiencing market cap drops of tens to hundreds of percent in a matter of weeks. Here are 7 meme coins reeling from the domino effect of the Bitcoin market gloom!

1. Fwog (FWOG)

This Solana-based frog-themed community token is gaining recognition due to social hype. Based on data, the price of Fwog (FWOG) in the past week fell by about -21.98%. Under general market downturn conditions, tokens like FWOG that rely heavily on social hype and liquidity are prone to sharp retractions.

2. Gigachad (GIGA)

GIGA is a meme coin inspired by the image of “Gigachad” (GIGA), based on the Solana network. The price of this token shows a weekly decline of about -15.30%, and a deeper decline since the ATH (all-time-high) of about -94% from the peak. When BTC falls, highly speculative memecoins like GIGA tend to see a decline as liquidity dries up.

3. SPX6900 (SPX)

The SPX6900 (SPX) token on the list has had relatively better movement compared to many other memecoins: it has recorded an increase of around +12.65% on a 24-hour basis. However, in the medium term it also showed a decline of ~51.03%. This shows that while some tokens are still “sweating it out” while the market is negative, medium-term risks remain high.

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4. Hamster Kombat (HMSTR)

This token comes from a “tap-to-earn” game project based on Hamster Kombat (HMSTR). Recent movements show a weekly decline of ~-11.42% and a medium-term correction of around -45.94%. This shows that gaming/token projects are also not immune to the effects of market downturns: as systemic risks rise, the enthusiasm for gamified tokens also declines.

5. Brett (BRETT)

Brett (BRETT) is a meme coin associated with the “Based” community and is on the list of touted tokens. Records show the 24-hour movement is up ~11.60% but the weekly decline is ~-9.70% and the medium-term is ~-44.50%. This shows that despite the intraday spike, market pressures still made tokens like BRETT undergo significant corrections.

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6. Myro (MYRO)

Myro (MYRO) is a Solana-based dog-themed meme coin named after the Solana co-founder’s dog. Recent movements show an intraday gain of ~+11.59% but a medium-term decline of ~-16.11%. Despite the small upside movement, the risk of a larger correction remains, especially if the market context is worse.

7. Just a Chill Guy (CHILLGUY)

Chillguy (CHILLGUY) is a meme coin inspired by the viral “Chill Guy” meme, with a relaxed theme and strong community. Data shows a 24-hour gain of ~+9.97%, but a weekly-term decline of ~-8.74%, and a medium-term decline of ~-42.07%. This means that even though the token has the attention of the community, broad market pressures still make it a big loser.

Conclusion

Bitcoin’s fall below US$100,000 has triggered a major correction wave in the meme coin segment. Tokens that rely heavily on community sentiment, social hype, and high liquidity have been the most vulnerable. For long-term investors or those who see a potential rebound, it is important to understand that “light” on the way up can be very “heavy” on the way down – high risk remains inherent.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Market Door
• Featured Image: Generated by Ai