DOGE, SHIB, WIF, FLOKI, and GIGA all drop sharply despite soaring volumes, signaling aggressive profit-taking by short-term holders.
Gigachad (GIGA) leads meme coin losses with an 18.8% decline, while trading volume dips hinting at fading retail interest.
New viral tokens like Snowball and Book of Meme spin-offs attract liquidity, marking a rotation away from top meme coins.
The volatility of meme-based cryptocurrencies is becoming volatile on a massive scale, with some of the most popular dog-themed tokens Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), Gigachad (GIGA), and Floki (FLOKI) displaying excessive price losses, despite the heightening trade volumes.This tendency implies short-term repositioning and speculative trade within the context of meme coin cycles. At the same time, new tokens based on viral stories, such as Snowball and Book of Meme derivatives, are gaining new attention as liquidity moves out of the best meme tokens.
Dogecoin (DOGE) Declines Amid 2Bilion In Volume
Dogecoin (DOGE) is currently valued at $0.1764 which is a -4.28% change in the last 24 hours. The coin experienced a steep decline after reaching a daily high of $0.1872 with little recovery and lateral movement. This move is accompanied by a sharp rise in the trading volume amounting to 72.82 percent to take the total turnover to 2.03 billion dollars.
Source: CoinMarketcap
The current market capitalization of DOGE is $26.4 billion, and the circulating supply is 149.67 billion tokens, and the supply is not capped. The downward trend in price accompanied by an increase in volume suggests that there are sell-offs and possibly profit-taking among short-term holders. The statistics indicate an increase in intraday volatility, which is probably due to speculative demand or to quick position adjustments.
Shiba Inu (SHIB) experiences a price decline as its volume increases by 124 percent
shiba inu (SHIB) is down by 3.90% in the last 24 hours and is currently trading at $0.00001189. The token started the day at around $0.00001253 and was met by a steep fall in the initial trade hours. It later stabilized slightly but remained in the red for the rest of the day.
Source: CoinMarketcap
Despite the drop, trading activity surged 124.40%, with daily volume reaching $372 million. SHIB’s market capitalization has fallen to $7 billion. With a near-max circulating supply of 589.5 trillion tokens, price fluctuations are influenced heavily by short-term speculation. The volume spike suggests heightened interest from traders possibly rotating positions within the meme coin sector.
Dogwifhat (WIF) Faces Selling Pressure as Price Slips
Dogwifhat (WIF) declined by 7.39% in the last 24 hours, currently trading at $0.8315. The token dropped from a peak of $0.924 before trending lower and entering a sideways range. The price action reflects bearish short-term sentiment, with minimal bounce-back during the session.
Source: CoinMarketcap
WIF’s trading volume surged by 58.48% to $567.9 million, highlighting intense activity likely led by sell-side orders. The token’s market cap is $830.63 million, with a circulating supply of 998.84 million WIF, closely aligned with the total supply. The absence of a max supply cap could raise long-term dilution concerns, especially during downturns, though it currently remains within highly traded meme categories.
Floki (FLOKI) Drops Nearly 9% as Liquidity Increases
Floki (FLOKI) experienced an 8.93% decline over the last 24 hours, bringing its price to $0.00007728. The asset hit a daily high of $0.00008446 before falling sharply and entering a period of limited recovery. This decline comes alongside a 49.54% rise in daily trading volume, totaling $131.8 million.
Source: CoinMarketcap
The token’s market cap is now $743.86 million, with a circulating supply of 9.62 trillion FLOKI out of 9.66 trillion total. Though inflation risks appear contained due to a nearly full supply, the lack of a fixed cap may still affect long-term demand during bearish phases. The recent volume and price patterns reflect active repositioning among short-term traders responding to broader meme sector moves.
Gigachad (GIGA) Leads Declines with 18.8% Drop
Gigachad (GIGA) posted the steepest price decline among the major meme coins, falling 18.80% to $0.02268. The coin opened near $0.02804 before entering a strong downtrend that persisted throughout the session. Trading volume fell by 6.13% to $22.99 million, indicating reduced buying activity amid increased sell pressure.
Source: CoinMarketCap
GIGA’s market cap now stands at $211.05 million. The token has a circulating supply of 9.3 billion out of a capped 10 billion. While this limited issuance could reduce inflation risks, the current liquidity shortfall may hinder short-term recovery. The token’s performance signals waning momentum, possibly triggered by previous hype cycles now entering a cooling phase.
