Memecoins like Dogecoin, Shiba Inu, and others are experiencing a market drop, with total market capitalization decreasing. Factors such as weak altcoin market structure, decreasing trading volumes, and de-risking by traders after strong U.S. macroeconomic data are contributing to the decline.
Keyword: Memecoins, Dogecoin, Shiba Inu, Market Drop, Altcoins, Total Market Capitalization, Trading Volumes, U.S. Macroecnomic Data, Risk-Off Sentiment
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Last edited on: May 7, 2024 at 06:41 pm