Ramazan Eles 
Memecoin investors are panicking as memecoins face massive sell-offs along with Bitcoin’s (BTC) decline.
Bitcoin, which has been on a downward trend for the past few days, continues to shake altcoins. The leader of cryptocurrencies, which lost its enthusiasm after the halving, was rejected again from $65,000. BTC, which quickly pulled back to the $62,000 range, shook memecoins the most. Will the danger continue for memecoins, which have lost much more value than other altcoins?
Crypto investors are moving away from memecoins!
Memecoins, an indispensable part of the crypto industry, did not go unnoticed with their short-term decline. The heavy selling of some of the memecoins that have a large place in the market has caused confusion in terms of trends. According to data from CoinMarketCap, the biggest losers in the last 24 hours were the memecoin category. Pepe (PEPE) fell by 9.38%, Floki (FLOKI) by 8.69% and Bonk (BONK) by 8.48%.
Memecoins, which are giving negative signals both in terms of investors and trends, are being closely followed by investors. Memecoins, which exhibit violent price movements according to BTC’s performance, may face a new collapse if the market continues to decline. Crypto investors should be especially careful during this process. If we consider that BTC has not yet given clear confidence, the troubled process in memecoins may continue.