Stocks of BONK and PEPE in Red, Struggling Amid Poorest Performers Today

Stocks of BONK and PEPE in Red, Struggling Amid Poorest Performers Today

Check Out Crypto News on Google News: * Dip in Meme Coins: BONK, PEPE, SHIB Experience Losses* BTC ETF Assets Under Management Soar to $115 Billion

It seems like the meme coin market is taking a hit today, May 3rd, 2025. Notable players like Bonk (BONK) and Pepe (PEPE) are struggling. In contrast, small-time meme coins such as Pudgy Penguin (PENGU) are flying high.

Meme Coins in the Red: BONK, PEPE, SHIB Take a Hit

Top dogs Bonk (BONK) and Pepe (PEPE) are having a rough day. Bonk (BONK), a leading meme coin, lost over 4.6% of its value overnight, with its price dropping to weekly lows at $0.0000178.

Pepe (PEPE), the original frogcoin, is also down today, with its price dipping 3.1% in the last 24 hours. As PEPE sinks below $0.000008491, its market cap is close to multi-week lows at $3.5 billion.

On the other hand, Dogecoin (DOGE) lost 0.9%, and Shiba Inu (SHIB) plummeted to $0.00001323. SHIB is on the brink of sliding out of the top 20 cryptocurrencies by market cap.

Smaller Meme Coins Outshine the Rest

The segment of smaller cryptocurrencies is shining, with some assets performing exceptionally. For instance, Pudgy Penguin (PENGU) gained 12% overnight.

Despite the dip, the overall market cap stands at a substantial $3.1 trillion.

Bitcoin ETFs AUM Soar to $115 Billion

Bitcoin (BTC) and Ethereum (ETH) are on an upward trajectory. Bitcoin (BTC) investors are feeling optimistic as the ETF flow has been positive for the third consecutive day.

According to CoinGlass data, the total assets under management (AUM) of Bitcoin ETFs have surged from $91 billion to over $115 billion in just a few weeks. This represents a staggering 26.4% growth.

Yesterday, for the first time in two weeks, investors managed to increase Bitcoin (BTC) spot ETF's AUM by over $100 million in 24 days.

Bitcoin (BTC) is trading at $96,283 at the time of writing.

#Memecoin Updates #BONK Updates #PEPE #Shiba Inu (SHIB) News

Enrichment Data:The slump in Bonk (BONK), Pepe (PEPE), and Shiba Inu (SHIB) around May 3rd, 2025, can be attributed to a combination of factors:

1. Macroeconomic and Political Pressure:
2. Trade war anxiety from retaliatory tariff announcements during Trump’s presidency prompted investors to move away from riskier assets like memecoins [5].
3. Uncertainty about crypto policy under Trump’s administration due to a lack of new crypto purchases in U.S. reserves dampened bullish expectations for speculative assets [5].
4. Memecoin Sector Weakness:
5. The struggles of the Solana ecosystem negatively impacted BONK, as Solana-based memecoins saw a 56.3% drop in new token deployments on Pump.fun by Q1 2025 [5].
6. A shift in investor sentiment towards utility-focused projects led to reduced hype-driven demand for PEPE and SHIB, following high-profile failures like MELANIA (which lost 96% of its value) [5].
7. Technical and Market Pressures:
8. SHIB’s volatility spiked in early May 2025, despite a recent 228% surge in whale transactions, highlighting uncertainty surrounding sustained momentum [3][4].
9. BONK faced potential technical risks, including the possibility of a 35% drop if key support levels were breached [2], and SHIB traded precariously near $0.00001329 due to stagnation concerns [3].

These factors combined to create an unfavorable environment for memecoins, demonstrating their sensitivity to broader market trends and evolving investor priorities.

1. Despite Bonk (BONK) and Pepe (PEPE) experiencing losses, small-time meme coins like Pudgy Penguin (PENGU) are thriving, demonstrating contrasting performance.
2. Bonk (BONK) saw a 4.6% decrease, dropping to $0.0000178, while Pepe (PEPE), the original frogcoin, dipped 3.1% to reach $0.000008491, nearing multi-week lows at a market cap of $3.5 billion.
3. Investors are pouring funds into Bitcoin ETFs, with the total assets under management (AUM) soaring from $91 billion to over $115 billion in just a few weeks, signifying a 26.4% growth.
4. Bitcoin (BTC) is not only outperforming meme coins but also moving towards Ethereum (ETH) on an upward trajectory, trading at $96,283.
5. NFTs are also gaining attention in the crypto world, with various platforms offering unique digital assets and experiences.
6. There's a growing interest in the finance and technology sectors to understand the potential of cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others, as they continue to disrupt traditional financial systems.

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