Market correction sends new meme coins "back to square one": WhiteWhale is down 75% from its peak, while "Laozi" and "Life K-line" have dropped over 85% from their highs.
BlockBeats News, January 19, according to GMGN market data, due to bitcoin's brief surge above $97,000 on January 14 followed by a continuous decline and accelerated drop this morning, the previously strong and high-heat Meme coins that appeared during bitcoin's rebound have experienced varying degrees of decline. New Meme coins have seen larger drops, among which:
PEPE fell 9.84% in 24 hours, currently down 28% from its January 4 high
BONK fell 10.42% in 24 hours, currently down 30% from its January 6 high
FLOKI fell 8.85% in 24 hours, currently down 27.6% from its January 6 high
WhiteWhale fell 32.3% in 24 hours, currently down 75% from its January 10 high
RALPH fell 22.1% in 24 hours, currently down 60% from its January 17 high
fish fell 53.9% in 24 hours, currently down 94% from its January 8 high
"Wo Ta Ma Lai Le" fell 8.1% in 24 hours, currently down 65% from its January 10 high
"Lao Zi" fell 24.4% in 24 hours, currently down 86% from its January 13 high
"Ren Sheng K Line" fell 17.8% in 24 hours, currently down 85% from its January 10 high
"An" rose 7.26% in 24 hours, currently down 41% from its January 14 high
"Ku Ku Ma" fell 9.89% in 24 hours, currently down 58% from its January 14 high
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum’s $2,540 Retest Becomes Key Test for the Rally
Canton Network breaks 2 month range! – CC’s run to $0.15 depends on THIS zone
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
Crypto prices
More
