Meme Coin Market Plummets $10B, Investor Sentiment Shifts

The meme coin market has experienced a significant downturn, shedding approximately $10 billion in value. This decline reflects a broader trend of investors shifting away from short-term hype towards more sustainable investment patterns. Influencers like Elon Musk’s impact is waning as the market becomes increasingly self-driven. 21.5% of trading volume for meme coins vanished after the price drop, compared to an 8% increase in AI token activity. This shift highlights a change in investor preferences, impacting those reliant on meme tokens.