Meme coins underperform as broader crypto market gains

Meme coin market capitalization declined 3.6% over the past week, lagging behind the broader cryptocurrency market which gained nearly 8% in the same period, according to CoinMarketCap data. Major meme coins saw steeper declines: DOGE fell 4%, SHIB dropped 8%, and PEPE slid 12%. The underperformance suggests diverging momentum between meme tokens and the wider crypto market.

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