Ah, the cryptocurrency markets – ever so fickle and unpredictable, much like the hearts of some who fancy themselves at the height of fashion, only to find their fortunes slipping away. Today, alas, the meme coins have found themselves in the doldrums, with Bonk (BONK) and Pepe (PEPE), once the pride of the digital world, languishing in the red.
Meme coins falter: BONK, PEPE, and SHIB fall from grace
Bonk (BONK), once a mighty force in the meme coin world, has suffered a grievous blow, losing a startling 4.6% of its market capitalization in the span of one night. Its price has sunk to a weekly low of $0.0000178. One could almost hear the collective sigh of its holders as their dreams of untold riches fade into nothingness.
Pepe (PEPE), that charming frog of the crypto realm, has not escaped unscathed either. Down by over 3.1% in the last 24 hours, PEPE is now worth less than $0.000008491, and its capitalization hovers around a mere $3.5 billion – quite the fall from its previous glory.
Meanwhile, the more established meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), have not fared much better. Dogecoin has dropped a modest 0.9%, while Shiba Inu, with all its fanciful promises, has plummeted to $0.00001323, teetering on the edge of losing its place among the top 20 cryptocurrencies. Oh, the drama of it all!
But fear not, for there is a glimmer of hope in this dismal landscape. Smaller cryptocurrencies, such as the NFT-associated Pudgy Penguin (PENGU), are seeing a most unexpected rise. The cheeky little coin has added 12% overnight, and who knows – perhaps it shall be the hero the crypto world desperately needs.
The market as a whole has taken a rather unremarkable turn, down by 2.1%. The overall capitalization of digital assets now stands at a modest $3.1 trillion. How quaint.
Bitcoin ETFs: A New Dawn for the King of Cryptos
And now, a twist in the tale: Bitcoin (BTC) and Ethereum (ETH) are, quite predictably, surging ahead. Bitcoin’s price has risen by a meagre 0.1%, yet even such a modest increase brings a glint of hope to its long-suffering investors. After all, when the world seems awash with chaos, sometimes a small victory is worth celebrating.
As per CoinGlass data, Bitcoin-based spot ETFs in the U.S. have seen their assets under management (AUM) surge, climbing from $91 billion to an impressive $115 billion, a 26.4% increase in mere days. It seems that Bitcoin’s destiny is once again looking bright – at least for now.
In a surprising turn, for the first time in two weeks, investors managed to increase Bitcoin (BTC) spot ETF AUM by over $100 million in just 24 days. A small triumph, indeed, but a triumph nonetheless. Bitcoin (BTC) is now changing hands at $96,283. A far cry from the days of humble beginnings, wouldn’t you say?
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2025-05-03 13:34