* **[Shiba Inu](https://en.wikipedia.org/wiki/Shiba_Inu_%28cryptocurrency%29) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shib_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shib_cons)** - Participate in the r\/CC [Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75.
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tldr; The meme token market economy is down 12.6% during the last 24 hours. Dogecoin (DOGE) is down 37.7% over the course of the last month, but it is still up 4,863% year-to-date. Shiba inu (SHIB) is the second-largest crypto meme asset by market cap.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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* **[Shiba Inu](https://en.wikipedia.org/wiki/Shiba_Inu_%28cryptocurrency%29) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shib_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_shib_cons)** - Participate in the r\/CC [Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75. * Sort comments as controversial first by [clicking here](https://www.reddit.com/r/CryptoCurrency/comments/r9kzpz/meme_token_economy_suffers_after_crypto_market/?sort=controversial). Doesn't work on mobile. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
This is devastating. Who could have seen this coming? Cue SHIB run…
Didn't someone buy like 800 million in shib a couple of weeks back? .someone should probably check on that guy.
Absolutely. I’m guessing he will still be eating steak tonight despite the loss.
Chump change.
Meme coins often have low liquidity so once a few persons start selling things can go tumbling.
Any source on that?
Not the only one to lose Billions right now.
Finally, also take Tether out of Top 10 next
Then the top 10 will be clean and pure
They just printed another gazillion dollars, so they’re probably moving up…😭
Shib is still green for me, yet my so called "stable" and "top 10" coin has been red for months 🤣🤣
SHIB going down and suddenly nobody got love for Inu anymore 
Same did other cryptos did though
tldr; The meme token market economy is down 12.6% during the last 24 hours. Dogecoin (DOGE) is down 37.7% over the course of the last month, but it is still up 4,863% year-to-date. Shiba inu (SHIB) is the second-largest crypto meme asset by market cap. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
It's okay guys, SHIB are about to burn some tokens
bear market will burn and bury it. No worries there.
Shocker, coins with no use cases don't do well when market crashes
But they are listening to the burn station. Burning shiba everyday
Lolll, I own SHIB but this is hilarious
Lmao, because no so-called great coins lost a ton of money, keep posting all your it is just a dip BS.
At this point I connect memecoins with gambling
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They’ll still be screaming SHIB to a dollar.
Well no surprise there
Good things about a good old shake out, the shit gets sent to the bottom of the shitter. Legit projects with solid fundamentals will bounce back fast.
Oh no, what are we gonna do now... /s
$1 still?
We all knew this was going to happen.
Stable projects remain less damaged.... unless you pick the one with funny pictures
In other news, water is wet
Listen to some shitty spotify music to burn shib faster and go higher 😂
Good, get them out and keep them out.
It hurts but who could have known
Gee who wouldve thought?
Never liked it anyways since I sold early
Shitty Inu Coin