Meme coins were absolutely soaring earlier this year, but are down in the dumps in June. Altcoins like Shiba Inu, Dogwifhat, Bonk, Pepe, and PopCat were on top of the cryptocurrency leaderboards for daily and weekly growth candles. These meme-inspired decentralized finance cryptocurrencies were better bets than Bitcoin and Ethereum for weekly returns.
What’s going on with the snap back in prices for meme currencies? Is meme summer already coming to an end or are market conditions putting the meme rally on hold momentarily?