$69,060.00
7.03%$2,068.63
11.33%$1.63
30.54%$1.46
7.59%$631.71
7.21%$1.00
0.00%$89.39
13.52%$0.285834
0.96%$0.104029
12.84%$1.035
0.53%$0.308635
18.40%$51.55
6.66%$514.91
6.50%$1.00
0.00%$8.74
3.26%$28.66
4.94%$9.42
14.16%$339.81
5.34%$0.164233
1.69%$0.998948
-0.04%$0.167422
10.81%$1.00
0.04%$0.00962447
2.02%$0.105435
9.80%$58.01
12.62%$257.66
4.73%$9.68
15.69%$0.999818
-0.09%$1.012
16.37%$0.00000645
8.70%$0.079641
6.65%$1.33
0.60%$0.117271
6.27%$5,165.35
0.24%$4.08
22.11%$5,197.63
0.21%$1.35
-4.95%$0.626806
6.09%$1.00
0.00%$122.95
7.29%$0.00000435
10.38%$186.13
9.69%$0.718039
2.59%$0.997806
0.03%$78.73
6.46%$1.00
0.01%$0.070694
8.35%$1.23
26.01%$1.12
0.00%$0.17121
4.72%$2.25
2.53%$1.00
0.01%$0.00000165
0.54%$9.47
12.62%$0.286276
14.60%$2.49
16.96%$0.999309
-0.06%$0.117507
3.94%$0.423301
12.24%$8.94
7.71%$11.00
0.01%$7.20
6.40%$0.00192106
9.10%$2.07
3.78%$0.061522
7.96%$66.24
6.72%$0.112113
13.31%$0.01667445
2.16%$0.88716
7.76%$0.03201635
9.18%$1.099
32.81%$0.094436
11.86%$3.60
6.08%$1.004
0.44%$0.00979151
6.54%$1.095
23.54%$1.52
11.43%$1.24
0.20%$0.757302
-10.33%$1.001
0.05%$114.40
0.01%$1.027
0.00%$1.11
0.40%$0.00804377
12.39%$0.03460709
3.56%$1.83
13.12%$0.08096
1.03%$0.104716
12.64%$0.00000661
13.54%$0.0318678
11.06%$1.096
0.01%$1.001
0.33%$0.163596
12.59%$1.00
0.04%$0.01296093
3.37%$28.95
3.62%$0.273088
14.08%$0.276892
5.17%$0.999568
0.01%$0.072873
10.06%$1.087
-0.18%$0.714928
17.47%$0.00745321
15.63%$1.18
0.39%$1.00
0.00%$35.65
8.47%$1.34
11.45%$0.403198
9.29%$167.47
0.92%$0.533432
2.32%$0.04441643
-3.57%$0.172439
12.17%$0.26263
17.13%$1.00
0.01%$1.10
7.45%$1.49
3.60%$0.085259
9.26%$0.03564582
5.24%$132.84
9.78%$0.999832
-0.00%$0.372317
13.30%$1.02
-0.13%$3.35
5.77%$0.00000034
3.90%$16.76
9.05%$0.056623
7.02%$0.00000033
0.54%$0.367377
21.97%$0.056202
10.51%$1.58
5.26%$0.01651606
0.48%$3.20
1.68%$0.072332
9.72%$0.332406
13.10%$0.02858989
10.22%$0.00003141
11.75%$0.00602009
8.02%$0.999432
0.19%$0.336087
12.03%$0.053377
10.50%$0.996133
0.40%$0.129455
9.90%$17.45
2.38%$0.231604
12.64%$0.077049
11.16%$0.00278937
10.25%$1.41
-3.56%$6.84
14.05%$1.60
-2.34%$0.139029
1.99%$0.04623396
10.45%$0.00249423
0.31%$0.092152
16.77%$0.107906
22.12%$0.02221719
9.71%$1.39
12.54%$0.320177
-3.14%$1.004
0.58%$0.222462
12.44%$1.77
4.93%$1.00
0.00%$0.00222982
6.10%$0.986105
-0.25%$0.522975
4.50%$1.00
0.01%$1.30
10.16%$1.075
0.01%$22.79
0.00%$0.205565
11.79%$0.099911
-0.28%$0.0000374
6.82%$2.87
10.56%$0.00000096
0.49%$0.102487
13.84%$5,239.08
-2.54%$0.941793
51.29%$0.197908
2.65%$0.194787
16.53%$0.053935
4.17%$0.02074858
7.91%$0.00513171
7.01%$1.00
0.00%$0.00399835
12.87%$0.125965
8.46%$0.080143
0.70%$4.25
16.20%$18.99
7.04%$1.98
14.42%$1.00
0.00%$0.651906
10.79%$0.77794
0.62%$0.05573
9.55%$0.173837
15.79%$2.19
11.82%$1.003
0.38%$2.13
2.06%$8.73
-9.00%$0.0232614
1.40%$0.04409937
11.38%$1.81
1.06%$0.01995816
-0.53%$48.01
0.02%$0.0000081
8.06%$3.41
-1.74%$1.26
1.12%$0.156444
7.36%$0.181216
14.19%$0.339368
9.90%$0.947317
-4.78%$1.002
-0.03%$0.998826
0.03%$0.424416
9.16%$1.013
-0.01%$0.663315
4.52%$0.306187
0.08%$4.75
10.97%$0.098492
12.38%$0.084401
8.39%$0.625955
5.09%$0.134406
7.90%$0.268639
6.88%$0.083289
13.84%$0.02327865
-7.20%$0.299607
6.31%$0.131412
4.65%$1,097.76
0.01%$0.074705
0.27%$0.376768
3.45%$0.315353
-0.29%$0.0015117
3.40%$11.58
-2.47%$0.225091
3.25%$1.92
2.72%$0.00407855
4.44%$0.13132
0.61%$0.250115
1.37%$0.205128
7.90%$0.99541
-0.01%$2.44
8.30%$1.001
0.00%$0.343396
4.33%$7.64
-11.86%$12.15
4.25%$1.46
2.27%$1.067
0.39%$1.001
0.05%$1.001
-2.93%$0.999937
-0.01%
From being the market’s biggest bulls this time last week, meme coins Pepe (PEPE) and Shiba Inu (SHIB) have now turned into the market’s biggest bears.
Over the last seven days, both coins have plummeted in value, posting losses of over 20%, according to CoinGecko.
PEPE leads the fall with a 22% drop, currently changing hands at $0.00000111. SHIB’s intra-week decline is virtually no lighter. The Dogecoin contender crashed 21.6% to trade at $0.00000818 on Monday morning.
PEPE rallied hard a fortnight ago, adding $150 million to its market cap to hit 71st place on the biggest cryptocurrencies by market capitalization last Monday. All those gains have been virtually wiped out over the last seven days and it’s now sitting at 84th place, per CoinGecko.
Market leaders Bitcoin (BTC) and Ethereum (ETH) have also fallen hard over the last week after news that Chinese property giant Evergrande had filed for Chapter 15 bankruptcy in a Manhattan court, likely pushing many investors to dump riskier assets like crypto and tech stocks.
Bitcoin dropped 11.4% over the week and currently trades for $26,012, while Ethereum lost 9.5% and trades at $1,674 at the time of writing.
SHIB’s underwhelming price performance may have been catalyzed by an underwhelming Shibarium launch. Shibarium is the Shiba Inu network’s layer-2 blockchain on Ethereum.
On Thursday, reports made the rounds over on crypto Twitter that some $1.7 million Ethereum that had been sent to Shibarium was unrecoverable.
On top of that, the Shibarium Remote Procedure Call (RPC), an interface for interactions with the network, doesn’t appear to be working.
At the beginning of the month, SHIB’s consistent upward price movement was buoyed by news that the coin’s makers are attempting to shed the meme coin reputation and introduce a new identity protocol to all apps on the ecosystem for increased security and privacy.
However, it looks like last week’s slightly shambolic Shibarium launch has vastly checked the coin's advances.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
