How the MemeCore Crypto Crashed 71% This Week
Key takeaways
- M35491-USD NVDA The Meme Core (CRYPTO: M) cryptocurrency plunged this week, according to data from S&P Global Market Intelligence.
- The price fell from $3 to $0.50 per token between 8:30 p.m.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
M35491-USD NVDA The Meme Core (CRYPTO: M) cryptocurrency plunged this week, according to data from S&P Global Market Intelligence. From last Friday's market close to 11 a.m. ET on June 26, the meme coin platform lost 70.8% of its total market value. After the plunge, Meme Core's market cap stands at $1.1 billion.
The price fell from $3 to $0.50 per token between 8:30 p.m. ET and 9:00 p.m. ET on Wednesday evening, highlighting the risks of thinly traded assets with limited liquidity.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »