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Cryptocurrency News Articles

Meme Coins Suffer Major Losses, With $30 Billion Vanishing in 12 Hours

Dec 24, 2024 at 04:25 pm

The meme coin market has taken a dramatic blow, with approximately $30 billion lost over the past few days. This sharp fall has sparked concerns.

Meme Coins Suffer Major Losses, With $30 Billion Vanishing in 12 Hours

The meme coin market has suffered a substantial setback, losing approximately $10 billion as nearly all prominent meme coins have witnessed a decline in market value.

Coins like $BONK, $PEPE, $SHIB, and $DOGE have incurred some of the steepest drops over the past month, ranging from 14% to 52%.

In stark contrast, these emerging meme tokens have remained resilient despite this downturn, continuing to experience growth and surpassing presale targets.

Now could be an optimal time for investors to acquire these tokens before their presale prices increase and they potentially witness significant growth in the near future.

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Other articles published on Feb 01, 2025