#MemecoinSentiment $

According to CoinMarketCap, 18 of the 20 top memecoins by market capitalization suffered double-digit losses just in the first six months of the year.

Cheems, one of the most emblematic cases, plummeted 84% since January.

The Trump Coin, which exploded after Donald Trump took office as president of the USA, lost more than 70% of its value and erased $4 billion in market capitalization.

Bret and Baby Doge Coin also cut more than 60% since January.

Six more coins fell between 50% and 60%, while some like SPX 6900 and Mogcoin limited the bleed to about 30%.

The only encouraging data came from Cats in a Dog World, which managed to hold on with a relatively smaller decline of 12%.