Meme Coin Crash, Bitcoin Downturn Fueling DeFi Volatility

The crypto market experienced a significant shift in sentiment on November 17th. The ‘Hakimi’ meme token saw its price plummet over 40% from recent highs, while Polymarket predicts Bitcoin will fall below $90,000 by the end of November. These events are occurring alongside Uniswap’s upcoming fee switch proposal, which promises to reshape DeFi economics and introduce new value accrual for UNI holders.