Bitcoin (BTC) Loses 10% on the Week as Memecoins Like PEPE and DOGE Tumble

“The hype of meme cash is often thrilling, however usually adopted by a market crash, just like what we noticed with DOGE and SHIB two years in the past,” mentioned Youwei Yang, chief economist at publicly traded bitcoin mining firm, BTCM. “The market correction for memecoins this week is basically as a result of relax of the FOMO (concern of lacking out) sentiment with these new memecoins.”