The meme coin segment lost $40 billion in December

Binance.US and Coinbase actively added meme coins to their listings, including Moodeng (MOODENG), Mog (MOG), and Dogwifhat (WIF). However, such steps only provided a temporary 'revival' of token prices, after which the overall market decline returned the negative dynamics, analysts believe.

It was previously reported that the GMCI index, which measures the performance of leading meme coins by market capitalization, showed a significant decline. Analyst Min Jung from Presto Research stated that this segment looks overheated. According to him, the listings of tokens on exchanges led to a sharp rise, but subsequently, investors grew tired of what was happening.$PEPE $DOGE $SHIB #BtcNewHolder #MemeWatch2024 #meme板块关注热点