- Shiba Inu dropped 6.6% as trading volume significantly declined overnight.
- Smaller meme tokens saw declines, pushing valuations below key thresholds.
The cryptocurrency market saw a widespread pullback on May 13, 2025. Meme coins recorded the steepest losses during the decline. Bitcoin remained stable, but the broader market dropped 2.7%. Traders observed a decrease in activity as sentiment turned cautious.
SHIB and DOGE Face Sharp Drops Amid Lower Volume
Shiba Inu (SHIB) and Dogecoin (DOGE) posted heavy losses overnight. SHIB fell by 6.6%, landing at $0.00001552. This decline came alongside a drop in trading volume, indicating reduced participation. Dogecoin also fell 5%, with its price settling at $0.2281. These declines outpaced the overall market movement, reflecting stronger bearish pressure on meme coins.
Both coins have historically driven meme coin sentiment and remain among the largest in the sector by market cap. Market watchers noted that their recent losses signaled weakening investor confidence in meme tokens during broader market slowdowns. The drop in volume across SHIB and DOGE suggested a lack of strong buying interest.
Smaller Meme Coins Join the Slide
Other meme-related assets also dropped in value, following the trend of SHIB and DOGE. Floki Inu (FLOKI) lost 4.8%, Bonk (BONK) fell by 3.6%, and Dogwifhat (WIF) dipped 3.3%. Mog Coin (MOG) posted the steepest loss among smaller tokens, down 7%, with its market capitalization falling below $500 million.
Turbo (TURBO), recognized as the first AI-themed meme coin, also declined. Its market valuation slipped under $400 million, showing growing pressure on newer meme assets. While most meme coins saw double-digit percentage losses over the week, Pepe (PEPE) managed to limit its drop to 1.2%. Analysts attributed this resilience to its relatively higher trading activity.
Outside of meme coins, the broader crypto market showed mixed results. Ethereum (ETH) gained 0.9%, outperforming other top altcoins. Exchange-related tokens, including Unus Sed Leo (LEO) and Cronos (CRO), saw modest growth between 1.5% and 1.6%.
Conclusion
Market analysts said the dip across meme tokens highlighted their vulnerability during broader selloffs. Despite some altcoins posting gains, the meme segment remains under pressure. Investors are now monitoring price trends closely, looking for signs of recovery.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
