The altcoin projects collectively "compromised" with the market, and published a post jokingly saying that they are now transforming into "Meme coins"

According to BlockBeats, on November 15, several altcoin project owners including Litecoin, yearn.fi, Manta, TRON DAO, and Renzo posted on social media jokingly:

“Given the current market conditions, I think we are actually a meme coin project.”

BlockBeats Note: As the price of Bitcoin falls, altcoins are once again generally hit hard. Currently, only Meme coins are following Bitcoin in the "bull market carnival". As of press time, about 90% of the top 20 gainers in the Coingecko crypto market are Meme coins. The ETH/BTC exchange rate fell to 0.03457, a new low since this round of bull market. Bitcoin's market share (BTC.D) hit 61.35% yesterday, continuing to hit a new high since this round of bull market.