CandleFocus DOGE, PEPE and WIF Stunned by This Meme Coin Liquidation
2024-10-07
Author: Content Editor
The meme coin ecosystem is experiencing a shift with new entrants like NEIRO competing against established coins like Dogecoin and Shiba Inu. Current liquidation data suggests that investors are favoring NEIRO over other meme coins, indicating a potential flip in the market. NEIRO recently recorded a liquidation of $8.71 million, surpassing the liquidations of other coins like Dogwifhat and PEPE. The intense liquidation may be due to traders being overexposed to NEIRO, which recently hit an all-time high. Shiba Inu, on the other hand, was not featured in the liquidation trends, indicating a shift in attention towards more volatile and potentially profitable alternatives. This trend raises concerns about the sustainability of old meme coins like DOGE and SHIB. The value and utility that these new tokens bring to the community will determine whether they can survive and surpass the established options.
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