Memecoin declined by 13% as launch heat fades

Memecoin (MEME) has been constantly declining over the past 24 hours as the heat around its launch has faded.

The asset, brought to the crypto world by the 9GAG team, plunged by 13.44% in the past 24 hours and is trading at $0.02 at the time of writing. MEME’s total market cap rose to a whopping $256 million on Nov. 4, a day after its launch, but soon declined to $178 million.

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