\n Text size<\/span> While the largest cryptocurrency has lost more than a quarter of its value this week, relentlessly sliding from $40,000 to as low as $26,000, the pain was even more pronounced in smaller cryptocurrencies.<\/p>\n While Bitcoin was down 13% over the past 24 hours, <\/p>\n Altcoins, or smaller cryptocurrencies, were also deep in the red. <\/p>\n \u201cMemecoins\u201d\u2014called that because they were initially intended as internet jokes rather than significant blockchain projects\u2014also collapsed, with <\/p>\n A brutal selloff in cryptocurrencies has seen some $600 billion in digital asset market capitalization wiped away in a week.<\/p>\n Write to Jack Denton at jack.denton@dowjones.com<\/a><\/p>\n<\/div>\n<\/div>\n
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\n \n <\/p>\n<\/div>
“Memecoins” like Dogecoin and Shiba Inu have plunged amid the recent crypto selloff.<\/h4>\n
\n Igorigorevich\/Dreamstime.com
\n <\/span>
\n <\/figcaption><\/figure>\n<\/div>\n
\n Bitcoin<\/a>\u2019s<\/span>
\n losses are bad, but Ether and Dogecoin\u2019s are worse.<\/p>\n
\n Ether<\/a>,<\/span>
\n the second-largest crypto, dropped 23%. The token underpinning the Ethereum blockchain network was changing hands below $1,900 on Monday, the lowest levels since last summer, and has lost more than one-third of its value in the last seven days.<\/p>\n
\n Solana<\/a><\/span>
\n plunged 36%, <\/p>\n
\n Cardano<\/a><\/span>
\n fell 34%, and Avalanche was 33% lower\u2014all in the past day.<\/p>\n
\n Dogecoin<\/a><\/span>
\n down 30% and <\/p>\n
\n Shiba Inu<\/a><\/span>
\n 34% lower in the past 24 hours.<\/p>\n