The memecoin sector’s market capitalization fell to levels last seen in July, as meme-based tokens struggled to recover from losses incurred during the crypto market’s sharp crash on Friday.
CoinMarketCap data showed that on Saturday, the memecoin sector dropped to a low of $44 billion, an almost 40% plunge from $72 billion the previous day. On Sunday, the memecoin market slightly recovered to $53 billion, a level last seen in July before a Solana-based memecoin frenzy ignited the…
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