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SOL price has lost support and closed multiple daily candles below the 200-day EMA for the first time since September 2023.
Ether fared worse than bitcoin in August — plunging 22.2% compared to an 8.6% decline for the latter.September could see further bearish movements for major cryptocurrencies if the month aligns with historical seasonal trends, according to QCP Capital analysts.
Phishing incidents emerged as the most damaging, accounting for approximately $293 million of the total losses.
The top ten meme coins have seen their prices decrease 40%-70% over the past 52 weeks. Since the beginning of this year, the PolitiFi subcategory has outperformed the broader meme coin category.
Bitcoin was at the center of this exodus, experiencing outflows totaling $319 million.