Memecoin (MEM) is a cryptocurrency launched in 2021and operates on the Ethereum platform. Memecoin has a current supply of 100,000,000 with 0 in circulation. The last known price of Memecoin is 0.00850826 USD and is down -1.54 over the last 24 hours. It is currently trading on 11 active market(s) with $12.58 traded over the last 24 hours. More information can be found at https://meme.com.
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As Bitcoin (BTC) price struggles to reach $100k, the altcoin industry, excluding Ethereum (ETH), has been gaining bullish momentum in the past few weeks. The rise of Ripple Labs-backed XRP to the third most valuable cryptocurrency by market cap has reminded investors of the high volatility in the altcoin space.
Memecoin price, a native ecosystem token of Memeland, has witnessed a notable decline in value recently. Over the past week, the MEME has charted a descending trend, suggesting that bears have taken control amidst broader market corrections.
As May approaches, BeInCrypto has identified noteworthy token unlock events set to influence the market. According to data from TokenUnlocks, in May 2024, the crypto market will see the release of approximately $3.58 billion worth of tokens into circulation.