In the previous bull market, coins like Dogecoin and Shiba Inu dominated, with gains that were previously unheard of in this space. Its popularity has led to the emergence of coins of other calibers, with many seeing varying degrees of success in the market. But with the last session Meme coins seem to be taking a back seatAs “crime coins” become the main focus of investors.
Dogecoin and Shiba Inu Drop Meme Coins
Even during the 2024-2025 meme run, which was launched by Solana’s BONK, Dogecoin and Shiba Inu prices did not impress investors. While Bitcoin reached all-time highs, both Dogecoin and Shiba Inu were unable to actually reach their previous peaks.
So far, both meme currencies are still struggling, with barely any noticeable movement across both of these digital assets. according to Data From CoinGecko, the price of Dogecoin has fallen by more than 13% in the past month, with… Shiba Inu Worse performance with approximately 15% losses.
The price of Dogecoin is down more than 87% from its all-time high, and the price of the Shiba Inu is down more than 93%. Trading volumes across both memecoins also declined as attention shifted elsewhere. Given these factors, investment in these meme currencies has been pushed aside in favor of other cryptocurrencies.
The era of “crime coins”
While meme currencies like Dogecoin and Shiba Inu are no longer popular, “crime coins” have become the main focus of the cycle. This refers to Cryptocurrencies Their prices rise rapidly over a short period of time, often accompanied by very high negative financing rates.
These coins often have a very high concentration of supply, with more than 80% of them held by insiders. With such a small supply remaining in the market, it becomes very easy for market makers to drive up the price of these digital assets by volume.
Some examples of these crime coins include RIVER, Pippin, Deliriumamong other things. The most recent is the LAB token, whose price has risen more than 200 times in two months, leaving behind a long line of liquidated short traders.
The one thing these currencies have in common is that they often end in rapid collapses, with some collapsing by over 90% within hours. However, this has not stopped investors from gambling on these currencies as the trading volume of LAB futures continues Binance It alone peaked at over $1.6 billion in a 24-hour period.
Featured image from Dall.E, chart from TradingView.com
Editing process Bitcoinist focuses on providing well-researched, accurate, and unbiased content. We adhere to strict sourcing standards, and every page is carefully reviewed by our team of senior technology experts and experienced editors. This process ensures the integrity, relevance, and value of our content to our readers.
