• The meme coin market has fallen to $35 billion from a peak of $55 billion in April.
  
• Dogecoin, Mog Coin and Turbo are bucking the downtrend with small positive factors.
  
• The volatility and hypothesis surrounding meme cash has raised considerations and made buyers cautious.
  

The meme coin market has skilled a major decline after the frenzy of the “meme coin spring.” Current information exhibits that the meme coin market has shrunk to round $35 billion in market capitalization after reaching a peak of over $55 billion in April 2024.

The contraction displays a decline in beforehand strong hypothesis and funding in these digital belongings, identified for his or her humorous and satirical themes quite than underlying technological innovation. At their top, meme cash noticed a dramatic rise in recognition and worth. However this enthusiasm seems to be fading.

Over the previous 30 days, solely a handful of meme cash have proven optimistic value motion, indicating an general cooling in investor sentiment.

Fashionable meme cash corresponding to Dogecoin (DOGE), Mog Coin (MOG), and Turbo (TURBO) had been among the many few cash that had been capable of preserve their upward momentum, however these positive factors weren’t sufficient to offset the general decline.

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This text Meme Coin Market Crash: Billions of {Dollars} Vanished After File Highs first appeared on Coin Version.