Summary
- Reported that meme coin market capitalization has returned to November levels.
- Revealed that all gains made during winter have effectively been reversed.
- Reported that total meme coin market cap has decreased by 5.17% compared to 24 hours ago.
The market capitalization of meme coins has returned to levels seen last November.
On the 18th (local time), IntoTheBlock reported via X that "meme coin market cap has been declining for several months and is approaching levels from last November," adding that "essentially all gains made during this winter have been reversed."
As of 10:12 PM, according to CoinMarketCap, the total market capitalization of meme coins stands at $67.57 billion, down 5.17% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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