This is very headshaking because I am not quite certain if we should be contrarian and begin buying memecoins or if the investors will not return to memecoins and begin to invest in utility tokens, governance tokens and more important projects again?

The argument that many investors will not buy memecoins again is much of them remain to be holding them at very big losses and we can be certain that they are presently very hateful and angry hehehehe. We might want to avoid these hateful people because they might dump on us with our mouths open heheheheheehee.



During the first half of 2024, meme coins took the spotlight, captivating the crypto world with their quirky charm. However, the hype appears to be cooling off as we move into the latter part of the year. According to Google Trends, searches for “meme coins” have significantly decreased, and since May 21, the meme token market has seen a steep decline of more than $20 billion in value.

Historical data shows that on May 21, 2024, the meme coin market was valued at $59.62 billion. Fast forward to today, and that figure has dropped to $39.59 billion—a staggering loss of $20.02 billion in just 89 days.

While meme coins had a strong start in 2024, the second half of the year has been less kind to these tokens, whether they’re based on humor, celebrities, or presidential candidates. Losing $20 billion in less than 90 days is no small feat, and the future of the meme coin market remains uncertain.

Read in full https://news.bitcoin.com/meme-coins-lose-steam-20-billion-wiped-from-market-since-may/