Key facts
- Dogecoin and Shiba Inu prices have fallen significantly in the past month.
- Dogecoin is down over 13% in the last month, Shiba Inu down almost 15%.
- Both Dogecoin and Shiba Inu are down over 87% and 93% from their all-time highs, respectively.
- Trading volumes for these memecoins have declined.
- Investor focus has shifted to "crime coins" which see rapid price increases.
- The LAB token saw a 200x price increase in two months.
In the previous bull market, memecoins like Dogecoin and Shiba Inu saw unprecedented gains. However, in the current cycle, these tokens have struggled to impress investors, failing to reach previous peaks even as Bitcoin reached new all-time highs. Dogecoin's price is down over 13% in the last month, and Shiba Inu has fallen by almost 15%. Both are significantly below their all-time highs, with Dogecoin down over 87% and Shiba Inu down over 93%. Trading volumes for these memecoins have also decreased as investor attention has shifted to "crime coins." These are cryptocurrencies that experience rapid price increases over short periods, often with high negative funding rates and concentrated supply held by insiders, making them susceptible to market-maker manipulation. Examples include RIVER, PIPPIN, RAVE, and notably, the LAB token, which rose over 200x in two months, generating significant futures trading volume on platforms like Binance.