meme coin's market cap plummets to $4 million, now rebounds to $7.6 million
BlockBeats News, January 21st, according to market data, the market value of a new Meme coin, "memes," in the BSC ecosystem plummeted to 4 million USD in the short term, and it has now rebounded to 7.6 million USD, with a 24-hour trading volume rising to 47.4 million USD. Previously, the market value had once surged above 27.8 million USD.
It is reported that "memes" originated from a tweet released earlier today by the White House official account stating, "The winning will continue. The deportations will continue. The memes will continue." After a certain exchange CEO He Yi retweeted the tweet, a sharp rise began. Currently, He Yi has deleted the retweet, which may have been the direct cause of the meme coin's sharp decline.
BlockBeats Note: Meme coins have huge trading fluctuations, rely heavily on market sentiment and concept hype, have no actual value or use case, and investors should be aware of the risks.
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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