Memecoins like PEPE and WIF saw the biggest loss after the $510 billion crypto market sell-off.
Over half of the 50 largest cryptocurrencies by market capitalization are in the red following the biggest crypto sell-off in over a year.
The crypto market saw a $510 billion drop in total market capitalization.
Following the sell-off, over 60% of the top 50 cryptocurrencies lost all the gains made during 2024, according to CryptoQuant author Binhdangg, who wrote in an Aug. 6 X post:
