Binance report finds 97% of meme coins ‘have died’
In a sweeping Analysis released on November 4, 2024, Binance Research, the research arm of the world’s largest cryptocurrency exchange, uncovered stark realities within the meme coin market. The report titled Understanding the Rise of Memecoins, led by Binance’s Macro Researcher Josh Wong, reveals that a staggering 97% of meme coins have experienced severe drops in trading volume, a testament to their volatility and susceptibility to market manipulation. According to Wong: Picks for you Andrew Tate’s crypto crashes over 40% after scam claims 46 mins ago AI sets date when XRP will hit $1 2 hours ago Charles Hoskinson discusses Cardano in...