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CoinShares Report Reveals Meme Cryptocurrency Market Faces Risks Amid Growth According to CryptoPotato, since its inception in 2013, the meme market has seen significant growth, with the total market capitalization reaching $60 billion by June 2024. In March alone, the asset class attracted That's $13 billion in spot trading volumes on exchanges. Surpassing major cryptocurrencies such as Ethereum and Solana. However, this sector is not without risks. A recent CoinShares report highlights coin holders. Larger holders, often referred to as “whales,” can significantly influence the price of a token by placing large trades, resulting in volatility. If a small number of addresses hold most of the tokens, liquidity issues may arise, especially if these addresses also control the provision of liquidity on decentralized exchanges. Increasingly, futures positions manage their exposure to meme currencies.#PepeCoinToTheMoon #pepewillbullrun #pepe⚡