Bitcoin
Bitcoin (BTC)
$66,522.00 2.55439
Bitcoin price
Ethereum
Ethereum (ETH)
$3,190.73 1.07093
Ethereum price
BNB
BNB (BNB)
$596.81 3.18607
BNB price
Solana
Solana (SOL)
$154.67 3.12205
Solana price
XRP
XRP (XRP)
$0.5640260 6.74044
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000269 1.73653
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000067 14.79586
Pepe price
Bonk
Bonk (BONK)
$0.0000199 -3.73469
Bonk price
Bitcoin
Bitcoin (BTC)
$66,522.00 2.55439
Bitcoin price
Ethereum
Ethereum (ETH)
$3,190.73 1.07093
Ethereum price
BNB
BNB (BNB)
$596.81 3.18607
BNB price
Solana
Solana (SOL)
$154.67 3.12205
Solana price
XRP
XRP (XRP)
$0.5640260 6.74044
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000269 1.73653
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000067 14.79586
Pepe price
Bonk
Bonk (BONK)
$0.0000199 -3.73469
Bonk price
Bitcoin
Bitcoin (BTC)
$66,522.00 2.55439
Bitcoin price
Ethereum
Ethereum (ETH)
$3,190.73 1.07093
Ethereum price
BNB
BNB (BNB)
$596.81 3.18607
BNB price
Solana
Solana (SOL)
$154.67 3.12205
Solana price
XRP
XRP (XRP)
$0.5640260 6.74044
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000269 1.73653
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000067 14.79586
Pepe price
Bonk
Bonk (BONK)
$0.0000199 -3.73469
Bonk price
Bitcoin
Bitcoin (BTC)
$66,522.00 2.55439
Bitcoin price
Ethereum
Ethereum (ETH)
$3,190.73 1.07093
Ethereum price
BNB
BNB (BNB)
$596.81 3.18607
BNB price
Solana
Solana (SOL)
$154.67 3.12205
Solana price
XRP
XRP (XRP)
$0.5640260 6.74044
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000269 1.73653
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000067 14.79586
Pepe price
Bonk
Bonk (BONK)
$0.0000199 -3.73469
Bonk price
SirWin
SirWin
SirWin

Global crypto market stabilizes as Solana meme coins bleed

global-crypto-market-stabilizes-as-solana-meme-coins-bleed
Edited by
News
Global crypto market stabilizes as Solana meme coins bleed

The crypto market witnessed a day of mixed fortunes as the global market cap climbed back to $1.7 trillion, signaling a stabilization after a 3% drop yesterday. 

Notably, Bitcoin surged to $43,600, marking its highest point since last week, despite a mere 6% increase in trading volume over the past 24 hours. In contrast, Solana (SOL) experienced a notable decline, shedding nearly 5% of its value today. 

The market also saw significant volatility in XRP, which plummeted to $0.49, its lowest in a month. This drop was primarily attributed to speculations around a $113 million breach affecting Ripple. However, XRP rebounded following confirmation from Ripple Co-Founder Chris Larsen that the breach was limited to his personal XRP wallets.

The meme coin market faced a significant downturn, with the market cap falling by 2%. Solana-based meme coins such as BONK and dogwifhat (WIF) experienced over 6% losses. PEPE also dipped by over 10%, while Shiba Inu and Dogecoin showed some resilience to the market dip.

Solana meme coins
All Solana-based meme coins in red on January 31st | Source: CoinGecko

A peculiar correlation seems to be emerging between the broader crypto market and the meme coin sector. While the crypto market experienced a decline yesterday, the meme coin market was notably up. Today, the trend reversed, with the global market stabilizing and meme coins facing a downturn.

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