Memecoins experiencing large losses, performing worse than Bitcoin and Ethereum

From Cointelegraph. August 2, 2024 6:20 PM:

Memecoins are seeing double-digit weekly losses, underperforming the wider cryptocurrency market. This decline is more significant than the sell-off in Bitcoin (BTC) and Ethereum (ETH).

Read more at Cointelegraph: Why are memecoins down today?