According to IntoTheBlock, many digital currencies have lost all the profits gained since the US presidential election in 2024, with meme coins experiencing more intense declines. Dogecoin, as the top meme coin, has dropped from $0.50 to $0.20 after reaching a peak following Donald Trump’s victory. Shiba Inu has also experienced a similar trend, plummeting from $0.000033 in December to $0.000013. Meanwhile, Pepe has decreased by 78% in two months, down to $0.0000575 from $0.0000264. Additionally, Bonk has fallen from $0.000054 in December to $0.0000125. Floki dropped from $0.00027 in November to $0.000077, and Wifi has lost 89% of its value, going from $4.20 to $0.51. However, Bitcoin and Ripple have managed to retain a significant portion of their post-election profits. Bitcoin surged from $65,400 to $109,000 in January and is currently near $90,000, still 42% higher than November levels. Ripple also rose from $0.706 in November to $3.33 in January, with a recent correction to $2.21, still showing a 245% increase since the election. These differences highlight the stability of major and reputable digital currencies against the extreme market fluctuations and selling pressure on meme coins.
