While the entire cryptocurrency sector is in the middle of a modest correction, the meme sector has taken a major hit. Its daily performance looks weaker compared to the market benchmark, but the ambitious newcomers bring some optimism.

Meme coins lost 5% of market cap in 24 hours

The meme cryptocurrency sector is bleeding today, December 30, 2024. Its total market cap is down nearly 5%. Meme cryptocurrency market capitalization has fallen below $105 billion, tracker CoinGecko says. Meanwhile, the market index lost only 4.6% in the corresponding period.

The 10 largest meme coins have been sending mixed signals to the community in recent days. While they are all in red on the 24-hour time frame, the weekly performance reveals a different picture.

BRETT are the worst performers in the Premier League, losing 4.8% in seven days. Shiba Inu (SHIB), the coin with the largest community, fell by 2.2%. The Shib Army token left the top 15 cryptocurrencies by market cap.

Dojoifat (WIF), the most interesting coin on the Solana (SOL) blockchain, is also in the red, with 1.9% wiped off its market cap overnight, while MOG (MOG) is down 2%.

Pepe (PEPE) and Bonk (BONK), the other major currencies, managed to stay in the green but added less than 1% each in the past week.

Top 100 PENGU newcomers, AI16Z outperform the majors

Dogecoin (DOGE) and Floki Eno (FLOKI) showed a stronger recovery push, adding 1.4% and 3.7% respectively in seven days.

At the same time, it highlights newcomers in the meme community. The value of PENGU, an official meme coin of the Pudgy Penguins NFT group, has risen by more than 15%. The token is already larger than WIF and FLOKI despite being in its infancy.

Also, AI16Z, a meme coin linked to the first-ever DAO governed by autonomous AI agents, doubled in price in the past week. In seven days, it rose by 125% and jumped into the top 100 cryptocurrencies.