Dogecoin (DOGE) and Shiba Inu (SHIB), two popular meme coins, have seen a decline in their prices over the last 24 hours. DOGE, currently ranked ninth with a market cap of over $21 billion, dropped by more than 8% due to a market correction.

Despite a 75.8% increase over the last 30 days, Dogecoin’s price fell by 15.6% in the past seven days. This decline was exacerbated by a large DOGE sale of over $14 million on Robinhood by an unknown whale.

Shiba Inu, another meme coin, also saw a 9.6% drop in price in the last 24 hours according to CoinGecko data. Over the past week, SHIB lost more than 26% of its value, but it remains 163% higher than a month ago.

Long-term holders of Shiba Inu have seen positive returns, with a significant increase in price over the past month. However, a decrease of 20,000 long-term investors in early March could signal bearish trends for the coin.

In addition to these meme coins, other cryptocurrencies like Polkadot (DOT), Toncoin (TON), and Chainlink (LINK) have also experienced price declines in the past 24 hours.

DOT, currently priced at about $10 with a market cap of $13.4 billion, lost 3.8% in the last day. On the other hand, Chainlink saw a 4.8% drop in price with trading volume of about $624 million.

Toncoin has performed relatively well, with a 30.4% increase in price over the last two weeks. Despite a positive trend, TON dropped by 8.1% in the last 24 hours due to market contractions.

Overall, the cryptocurrency market is experiencing fluctuations, with some coins seeing declines while others maintain positive momentum. Stay informed with the latest news on Global Crypto News to make informed investment decisions.

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