In short
- The Meme Coin market has fallen over the past 24 hours, with the most large memin coins that fall in value.
- It comes after Alon Cohen, co-founder of Pump.Fun, confirmed that the long-awaited pomplucht will not come into the “direct future”.
- Pump.Fun-created tokens goat, Moo Deng and Pinda de squirrel are among the biggest losers of the day, all of whom drop double digits.
The most speculative assets of crypto bleeding as a meme currency factory pump. Fun confirmed that his airdrop will not come soon.
Major Meme Coins Dogecoin, Shiba Inu and Pepe are all falling on the day of about 7%. In fact, the entire Meme Coin market has fallen by 10.7% for the past 24 hours, per Coingecko.
It comes after Alon Cohen, co-founder of Pump.Fun, said that the Pump AirDrop ‘will not take place in the near future’. The interview ensured that the sign fell 17.7% in the day and it hit the top 100 cryptocurrencies through market capitalization, according to Coingecko.
“We want to ensure that it is a meaningful AirDrop and that it is performed well. At the same time, it is an incredible opportunity for the platform to strengthen its current ecosystem and, I think, its trade volumes, activities, activity and support,” said. “That said, the AirDrop will not take place in the near future.”
With these comments, predictors on countless markets now give the chances of an airdrop towards the end of the month by only 3% – Down of highlights of 86.6% on Monday, after a Cryptic Social Media Post By Cohen.
(Disclosure: Myriad is a prediction market developed by Decrypt’s parent company Dastan.)
Pump.fun’s rocky month
Pump.Fun’s first currency offer brought $ 600 million in just 12 minutes, earlier this month, with his token a few days later from launch. Pump climbed to a market capitalization of $ 2.4 billion during the first 24 hours, but it has fallen by 55% since the launch.
The decline has come because the token launch path has lost the market share to rival Letsbonk platform – led by the Bonk Meme Coin Community – which has dominated Solana Token Creations in the last 17 days. For comparison: Bonk is not the only top 10 meme coin in red, with 3.2% on the day according to Coingecko.
Other big losers are pump. Fun-created tokens such as goat, a decrease of 15.5%, Moo Deng, a decrease of 13.2%, and peanut the squirrel, a decrease of 12.8%. FWOG has also gone almost 14% despite announcement That pump.Fun is an official ‘patron’.
In fact, only 12 of the top 100 meme coins per market capitalization are in the Green. One of the biggest winners is stretching, which has risen by 21.7% for the past 24 hours. Invoiced as a brand coin with its ties with a beverage company, follows the Opwaartse Zet van stretch the announcement of a collaboration with Binance.us, who reveals an exclusive “revelation proceeds”liquid gold“Taste.
Countless market users of the market now believe that there is a 71% chance that Binance or Coinbase will like token for perp or spot trade before September, a remarkable increase of only 40% on Saturday.
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