The majority of meme cryptocurrencies are currently experiencing a significant decline, with 90% of top meme coins posting double-digit losses. However, two dog-themed coins have managed to buck this trend and surge in value. Despite this downturn, the meme crypto segment as a whole has lost 5% in the last 24 hours, with major coins like Shiba Inu (SHIB) and Pepe (PEPE) down by 5.2-5.3%.

Based Brett (BRETT), one of the largest meme coins on the Base (BASE) blockchain, is among the worst-performing cryptos in the top 100, down by 9.4% as of June 24, 2024. Dogecoin (DOGE) has also lost 4.1% of its value, while other large meme cryptos like Bonk (BONK) and Floki (FLOKI) are in the red but slightly outperforming the market average.

Despite the overall downturn, Dogwifhat (WIF), a major Solana meme cryptocurrency, has added 1.1% to its value, while Mog Coin (MOG) is up by 4% on Ethereum (ETH) and Base (BASE) platforms. However, the majority of meme coins are struggling, with liquidations in the last 24 hours resulting in over $300 million being erased in shorts and longs.

The losses are not limited to meme coins, with Bitcoin (BTC) down by 4.8% and Ethereum (ETH) losing 5.5% due to the news of the multi-billion Mt. Gox compensation plan and geopolitical tensions. The market benchmark for the cryptocurrency segment is 4% today, indicating a widespread decline in the crypto market.

In conclusion, the meme cryptocurrency segment is experiencing a significant downturn, with few exceptions. While Dogwifhat (WIF) and Mog Coin (MOG) have managed to post minor gains, the majority of meme coins are struggling, with major losses being experienced by Shiba Inu (SHIB), Pepe (PEPE), and Dogecoin (DOGE). The crypto market as a whole is also experiencing a decline, with Bitcoin (BTC) and Ethereum (ETH) losing value due to various factors.