The world of meme coins is witnessing a seismic shift, as trading volume has declined by 25% in recent weeks.
Meme coin lovers appear to be liquidating their holdings, with previously successful tokens like Pepe Coin and Wojak seeing substantial price drops.
However, amidst this lull, two unique presale meme projects are defying the trend and capturing investor attention – Wall Street Memes ($WSM) and AiDoge ($AI).
Meme Coin Market Takes a Hit as Investors Look Elsewhere
It’s now impossible to ignore the broader downturn affecting the meme coin market, with trading volume down significantly from the highs of mid-April.
James Tolan’s Dune analytics tracker reveals that the total meme coin trading volume is now just a fraction of its peak on April 15.
Moreover, the total number of meme token creations has also fallen, indicating that crypto developers aren’t as keen to launch new projects in this niche as they once were.
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