Data shows grass roots meme coins hitting a six-month low (volumes drop below $1B), while perp DEXs spike in volume

"On Sunday, according to Dune data, Solana meme coin launchpads recorded $89.7 million in daily bonding curve trading volume amid a $796.2 million week. That’s the lowest for a single day in three-months and the lowest for a week in over six-months, according to a Tehc dashboard."

Top comment by @Spencer420

More coverage

• Meme Coin Volume Skyrockets 106% While Market Cap Plummets (cryptorank.io)
• Top Meme Coins by Market Cap - CoinGecko (coingecko.com)
• Memecoins Are Rising From the Dead After Hitting Historic Lows ... (tradingview.com)
• MEMECOIN MarketVector ™ Meme Coin Index (marketvector.com)
• Beyond Bitcoin: Leveraging Memecoins for Portfolio Diversification ... (cfc-stmoritz.com)

Explore the topic

• Memes
• Narrative