Memecoins Lose Steam, Market Value Drops by 70%

Memecoins, digital tokens inspired by internet jokes and pop culture, have seen a dramatic shift. Once worth over one hundred and fifty billion dollars, the market has dropped by nearly seventy percent, now totaling just over forty-seven billion dollars. Trading volumes and public engagement have also plummeted. Dogecoin and a few other tokens still hold a significant portion of the market, but the trend shows a clear decline in interest and value.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.