‘Something Is Brewing’ for Dogecoin (DOGE) as Network Activity Explodes
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Meme coin momentum has largely evaporated since peaks a couple of weeks ago, with many tokens owned by a few wallets that can dump on retail, highlighting security and rug risk in crypto and DeFi. The niche leader still maintains a multi-billion-dollar market cap but has lost investor favor as token performance and adoption wane, making near-term price recovery uncertain.
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Meme coin momentum has far evaporated from the peaks of a couple of weeks ago, even though there are some that are still making waves. However, most turn out to be owned by a few wallets that later dump on unsuspecting investors.
The situation with the leader of this niche is quite interesting. It continues to be a major cryptocurrency with a multi-billion-dollar market cap, but it has fallen out of investors’ grace as interest in it has diminished. Or has it?
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$ 0.074
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