According to Odaily Planet Daily, according to data, the average daily trading volume of major Meme coins has dropped from $5.8 billion in March to $3 billion, but this figure is still much higher than the daily average of $500 million in January. Despite this, the 1% market depth (a measure of liquidity) remains resilient.
The market depth of DOGE, the world’s largest meme coin by market value, is 1%, reaching $10 million on Friday, the highest level in at least a year. The market depth of SHIB, the second largest meme coin by market value, is $4 million.
