As the overall market becomes increasingly unstable, the entire MEME market is also trending downward. According to data from coingecko, the MEME coin market fell by 22.5% on the 7th. Data on July 5 showed that the number of MEMEs in Solana's newly launched trading pool in 24 hours was 1,350, more than half of the daily average of more than 3,000 in May and June. The previously popular pre-sale tokens, celebrity tokens, and cat and dog tokens have also been declining. The prices of new mainstream MEME coins such as BOME, POPCAT, michi, and MOTHER have been cut in half in 5 days.

As an asset class with extremely high volatility, the madness of MEME is obvious to the crypto community. When the market is experiencing a decline and violent fluctuations, the instability of MEME is even more exposed. At this time, the project parties who are still entering the market to compete for this piece of cake have obviously not caught up with a good time for the time being, and can only wait for the subsequent market to pick up. PANews will also continue to pay attention to the progress of the MEME issuance platform. #meme板块关注热点 #BTC☀