PENGU Falls 11% as Memecoins Fill 3 of Crypto’s 5 Biggest Losses

The mix does not mean every memecoin is moving alike, nor does one day’s ranking explain why these tokens fell. It does, however, show that meme-linked trades were among the first parts of the market to come under pressure during the session.

Three meme-linked names entered the bottom five

PENGU led the group, while PUMP lost 8.90% and PEPE fell 7.9%. The other two assets in the five-token list came from different parts of the market: LIT is an infrastructure token, while FET is linked to the AI sector.

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