Dogecoin, WIF and other memecoins crash hardest amid $1.7B crypto liquidations
Memecoins underperform the wider crypto market after double-digit daily losses surpass the sell-off in BTC and ETH.
Memecoin market cap takes a hit
The latest drop in memecoin prices has seen the total market capitalization of the sector shrink to reach a three-week low of $119.6 billion as of Dec. 10.

Related: Bitcoin sees most liquidations since 2021 as ‘crazy’ reset wipes $1.6B

The last time the memecoin market cap was below $120 billion was on Nov. 27 when it rested at $118 billion. The aggregate market value of cryptocurrencies in this sector is down 21% over the last 24 hours.