Meme coin "1" plunges over 60% before a slight rebound, with price briefly falling below the average purchase price of the top 100 holder addresses
According to ChainCatcher, monitored by GMGN, the Meme coin "1" on the BSC chain started to decline from approximately $0.0164 at 11:00 today, dropping continuously for three hours to a low of $0.0064, before rebounding slightly. Its current price is about $0.0079, with a market capitalization temporarily reported at $7.9 million.
Additionally, monitoring data shows that the average cost for the top 100 addresses by holdings is around $0.0066, and these addresses collectively hold 61% of the token's total circulating supply; the average cost for the top 10 addresses is about $0.00787, accounting for approximately 24.5% of holdings, with some large holders' costs concentrated near the current price. Furthermore, most KOL addresses still holding the token are currently in a floating loss position.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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