Meme Coins Continue to Roil Crypto Market
The crypto market's meme-based assets have seen significant price fluctuations in recent times. According to data from Yellow.com, there are over 72 meme coins listed on the platform. The top performers include BINGUS THE CAT, which has seen a 41.05% increase in value over the past week.
The prices of these meme-based assets can be volatile and unpredictable. For instance, TULSA, also known as Black Wallstreet ✊🏾, saw an astonishing 50.87% surge in value last month, only to drop by 8.55% recently. This kind of volatility has raised concerns among investors.
The market capitalization of these meme coins varies greatly, with some having a significant amount of circulating supply and others being relatively new to the scene. The total market capitalization of all listed meme coins is over $11 billion.