On July 1, 2025, the cryptocurrency market continues to lose capitalization, significantly affecting meme cryptocurrencies. Major tokens are under substantial pressure, jeopardizing their long-term positions.
Decline in Major Meme Cryptocurrencies
Currently, Dogecoin (DOGE) has dropped by 2.8%, reaching a price of $0.1596. Pepe (PEPE) has lost 2.5%, settling at $0.000009454. Bonk (BONK) decreased by 3.3%, nearing a local low of $0.00001379.
Largest Losses Amid Overall Decline
SPX6900, the leading cryptocurrency in Murad Mahmudov's meme collection, has shown the largest losses among the top 100 crypto assets, falling by 11.5%. The SPX price has dipped below $1.14, which may lead to its market cap falling below $1 billion.
Aspiring Smaller Meme Tokens
Despite the overall downturn, the smaller meme cryptocurrency Pudgy Penguins (PENGU) is attempting to break into the top 100, showing an 8.7% increase, reaching $0.014161.
The situation in the cryptocurrency market remains tense, particularly for meme cryptocurrencies. While major tokens are losing ground, there is activity among smaller meme tokens focused on potential opportunities amid market pressure.
