WIF, PEPE, FLOKI, SHIB in Red as Crypto Market Takes Breath

The largest meme cryptocurrencies are yet again demonstrating more significant volatility compared to the rest of the cryptocurrency market. Overhyped cryptocurrency Dogwifhat , a flagship meme coin of the Solana ecosystem, is down by over 4.2% in the last 24 hours.Today, May 7, 2024, the segment of meme cryptocurrencies is under pressure. All of the largest coins in this sphere demonstrate larger losses compared to the market's benchmark.

Then, Floki , one of the largest dog-themed meme cryptos, has seen 2.8% of its market capitalization erased in the past day.

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