- It was reported that meme coin trading volume decreased from $30 billion to less than $14 billion in just one month.
- Meme coins tend to cannibalize each other's market capitalization, making it hard to claim a bear market has appeared, but bearish signals do exist.
- It was assessed that meme coin rug pull scams may have contributed to lowering market interest.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Source=CryptoQuant
Meme coin trading volume has significantly decreased in just one month.
On the 17th (local time), BeInCrypto reported, "A month ago, meme coins outperformed top altcoins," but "in just one month, the trading volume decreased from $30 billion to less than $14 billion."
The media stated, "Meme coins tend to cannibalize each other's market capitalization," adding, "While it's hard to claim a meme coin bear market has appeared, bearish signals do exist." It further assessed that "some meme coin rug pull scams may have contributed to lowering market interest."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
Expectations Rise for Trump's Inauguration…$2.2 Billion Flows into Crypto ETPs
12 minutes ago
Bitcoin Rebounds as Rate Cut Sparks Revive... Expectations Rise Ahead of Trump's Inauguration [Kang Min-seung's Trade Now]
2 hours ago![Bitcoin Rebounds as Rate Cut Sparks Revive... Expectations Rise Ahead of Trump's Inauguration [Kang Min-seung's Trade Now]](https://media.bloomingbit.io/prod/news/eff6a81b-4aee-48e2-aebd-f43f75f8e800.webp)
The Return of Korean Investors Amid 'Trump Coin' Craze
3 hours ago
Ahead of the Trump Administration's Inauguration... Rise in Both Won Value and Treasury Bond Yields [Hankyung Forex Market Watch]
4 hours ago![Ahead of the Trump Administration's Inauguration... Rise in Both Won Value and Treasury Bond Yields [Hankyung Forex Market Watch]](https://media.bloomingbit.io/prod/news/f3082d0d-8c92-418b-ae4e-d897be572a41.webp)
Large Short Position Liquidations in Trump Rally... Approaching $100 Million in the Last Hour
5 hours ago
Ranking News