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Dogecoin, Dogelon Mars, Pepe, Shiba Inu Lose Traders' Interest Amid 3-Month Market Slump

Published 28/09/2023, 10:32
© Reuters.  Dogecoin, Dogelon Mars, Pepe, Shiba Inu Lose Traders' Interest Amid 3-Month Market Slump
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Benzinga - The altcoin market has been facing a prolonged period of decline since the mid-July peak, resulting in a significant drop in trader interest for popular memecoins, on-chain analytics platform Santiment said on Wednesday.

What Happened: Notably, meme coins such as Dogecoin (CRYPTO: DOGE), Dogelon Mars (CRYPTO: ELON), Pepe Coin (CRYPTO: PEPE), and Shiba Inu (CRYPTO: SHIB) have fallen off the radar for traders, exhibiting a reduced level of overall market attention, Santiment data shows.

"Memecoins are showing a smaller ratio of overall trader interest than they have in some time," Santiment tweeted.

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