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Leowrld⚡
@leowrld
Memecoins Lose 30% Market Capitalization in December. The memecoin market experienced a substantial downturn in December, with total capitalization dropping by approximately 30%, reflecting a clear slowdown in investment enthusiasm for this asset class. Market trends revealed significant volatility: from $120.14 billion at the beginning of the month, total capitalization peaked at $137.06 billion on December 9 before plummeting to $92.67 billion by December 23. Currently, the market has slightly rebounded to $95.99 billion but remains 21% lower than at the start of the month. Pepe (PEPE), the third-largest memecoin by market cap, exemplified this volatility. The token reached a high of $0.000026 on December 9, only to drop sharply to $0.000017 by December 20.
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Just Build
@justbuild
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