Data: The market value of memes plummeted to 4 million dollars in the short term and has now rebounded to 7.6 million dollars

According to GMGN market data, the market capitalization of the new Meme coin "memes" in the BSC ecosystem has sharply dropped to $4 million, and has now rebounded to $7.6 million, with a 24-hour trading volume rising to $47.4 million. Previously, the market cap had once surged past $27.8 million.

It is reported that "memes" originated from a tweet earlier released by the White House stating, "The winning will continue. The deportations will continue. The memes will continue." After Binance CEO He Yi retweeted this post, it began to rise significantly. Currently, He Yi has deleted the retweet, which may be the direct cause of the sharp decline of this meme coin.

ChainCatcher reminds users that trading in Meme coins is highly volatile, largely relying on market sentiment and speculative hype, and has no actual value or use case. Investors should be aware of the risks.