Meme Coins in 2023: Drops $3 Billion in Value and What They Mean

Dogecoin and Shiba Inu: Big Drops

Meme coins, like Dogecoin and Shiba Inu, lost a lot of value in 2023. Dogecoin started the year worth $10.83 billion. Now, it’s worth $8.37 billion. That’s a drop of $2.46 billion. Even with this drop, Dogecoin is still a big part of the meme coin world. Shiba Inu also lost value, dropping by about $1.22 billion since January.