Watch the Snowball: Meme Coins Show High Volatility as Trading Volume Surges

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Meme Coin Market Experiences Volatility as Top Tokens Plummet

DOGE, SHIB, WIF, FLOKI, and GIGA have all experienced sharp declines despite high trading volumes, suggesting aggressive profit-taking by short-term holders.

Gigachad (GIGA) is leading the meme coin losses with an 18.8% drop, while its trading volume has dipped, potentially indicating a decrease in retail interest.

New, trending tokens such as Snowball and Book of Meme spin-offs are attracting liquidity, marking a rotation away from established meme coins.

The meme-based cryptocurrency market is currently experiencing significant volatility, with several popular dog-themed tokens – Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), Gigachad (GIGA), and Floki (FLOKI) – showing substantial price decreases, even as trading volumes remain elevated. This trend points to short-term repositioning and speculative trading within the meme coin ecosystem. Concurrently, emerging tokens inspired by viral trends, like Snowball and Book of Meme derivatives, are gaining traction as liquidity shifts away from leading meme coins.

Dogecoin (DOGE) Declines Amid High Volume

Dogecoin (DOGE) is currently trading at $0.1764, a -4.28% change in the last 24 hours. The coin saw a significant drop after reaching a daily high of $0.1872, with limited signs of recovery. This movement is accompanied by a 72.82% increase in trading volume, bringing the total to $2.03 billion.

Source: CoinMarketcap

DOGE's current market capitalization is $26.4 billion, with a circulating supply of 149.67 billion tokens. The downward price trend coupled with increased volume suggests sell-offs and possible profit-taking among short-term investors. The data indicates heightened intraday volatility, likely driven by speculative demand or rapid position adjustments.

Shiba Inu (SHIB) Sees Price Decrease with Volume Surge

Shiba Inu (SHIB) is down by 3.90% in the last 24 hours and is currently trading at $0.00001189. The token opened the day around $0.00001253 and experienced a sharp decline in early trading hours. It later stabilized somewhat but remained in negative territory for the remainder of the day.

Source: CoinMarketcap

Despite the price decrease, trading activity surged by 124.40%, with daily volume reaching $372 million. SHIB’s market capitalization has decreased to $7 billion. With a near-maximum circulating supply of 589.5 trillion tokens, price fluctuations are heavily influenced by short-term speculation. The volume spike suggests increased interest from traders, potentially rotating positions within the meme coin market.

Dogwifhat (WIF) Under Selling Pressure as Price Drops

Dogwifhat (WIF) has declined by 7.39% in the last 24 hours, currently trading at $0.8315. The token fell from a peak of $0.924 before trending downwards and entering a sideways trading range. The price action reflects bearish short-term sentiment, with little upward movement during the session.

Source: CoinMarketcap

WIF’s trading volume surged by 58.48% to $567.9 million, indicating strong activity likely driven by sell orders. The token’s market cap is $830.63 million, with a circulating supply of 998.84 million WIF, closely aligned with the total supply.

Floki (FLOKI) Drops Nearly 9% as Liquidity Rises

Floki (FLOKI) experienced an 8.93% decline over the last 24 hours, bringing its price to $0.00007728. The asset reached a daily high of $0.00008446 before falling sharply and entering a period of limited recovery. This decline is accompanied by a 49.54% increase in daily trading volume, totaling $131.8 million.

Source: CoinMarketcap

The token’s market cap is now $743.86 million, with a circulating supply of 9.62 trillion FLOKI out of a 9.66 trillion total. The recent volume and price patterns reflect active repositioning among short-term traders responding to broader meme sector moves.

Gigachad (GIGA) Leads Declines with 18.8% Drop

Gigachad (GIGA) posted the largest price decline among the major meme coins, falling 18.80% to $0.02268. The coin opened near $0.02804 before entering a strong downtrend that continued throughout the session. Trading volume decreased by 6.13% to $22.99 million, indicating reduced buying activity amid increased selling pressure.

Source: CoinMarketCap

GIGA’s market cap now stands at $211.05 million. The token has a circulating supply of 9.3 billion out of a capped 10 billion. The token’s performance signals waning momentum.