Red across the board for memecoins:
→ $DOGE down ~8% → ~$0.21
→ $PEPE down 9% → ~$0.0000115
→ $BONK down ~8% → ~$0.000027
→ $PENGU also bleeding double‑digits
What’s driving it:
→ Macro heat: U.S. tariff announcements and a stronger dollar sparked $758M in liquidations
→ Systematic sell-offs: BONK whales on Solana offloaded positions, PENGU momentum cooled off
→ Market rotation: Red-alert traders chased the bigger moves elsewhere
Heads up:
DOGE dropped on heavy volume, yet institutional wallets quietly bought ~310M DOGE near $0.21, signaling accumulation at oversold levels.
Even top-tier memecoins aren’t immune when macro cracks, but it does feel good to see accumulation happen around those levels.
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